Kkr's offer makes Tim fly

2021-11-22T17:21:59.639Z

The stock market reacts to the offer launched yesterday by the Kkr fund on 100% of Tim. The stock, after having struggled to enter into trading due to excess of the rise, then closed up by 30% compared to the value on Friday. However, the price of 0.4513 is lower than the 0.505 price of Kkr's offer. For the rest, the day passed under the banner of uncertainty. Milan closed with a progress of 0.17%, London did little better (+ 0.44%), while Frankfurt and Paris remained just below par. The confirmation of Jerome Powell as president of the Federal Reserve for a new mandate had therefore a limited impact in Europe, while on Wall Street the S&P 500 index marked a new all-time high. Powell effect also on exchange rates with the Dollar which crushed the Euro to the lows since July 2020 at 1.1259.