The European Commission has formally charged investment firm KKR with providing misleading information during its 2024 acquisition of Telecom Italia’s fixed network assets. The regulator issued a statement of objections on Monday, citing violations of the European Union Merger Regulation.
- KKR reached a 22 billion euro agreement to acquire NetCo, the fixed network business of Telecom Italia.
- The European Commission launched an investigation into the transaction to ensure regulatory compliance.
- EU officials concluded that KKR supplied incorrect or misleading data during the preliminary review phase of the merger.
- The Commission has now opened a formal administrative procedure to address these alleged breaches of legal obligations.
The investigation into the company’s conduct remains ongoing as EU regulators review the evidence. #KKR #TelecomItalia #EUMergers @EU_Commission