Reported 5 months ago
Private equity firms Asterion Industrial Partners and Nextalia Sgr are potential bidders for BT Group Plc’s troubled Italian arm, BT Italia SpA. The firms are preparing to submit offers as the deadline for bids approaches, following BT's decision to divest its Italian arm due to an accounting scandal in 2017. Asterion may bid through Retelit, while Nextalia could make an offer through its credit opportunities fund. Deliberations are ongoing, and representatives for Asterion, BT Group, and Nextalia declined to comment.
Source: YAHOO