MILAN (Reuters) - Italian publisher GEDI is not satisfied with a binding bid submitted by Italian infrastructure fund F2i for its 30 percent-owned broadcasting unit Persidera, a source close to the matter said on Tuesday.
The source said GEDI believed F2i’s bid, worth 240-250 million euros for the whole of Persidera, could be improved.
The sale of Persidera, 70 percent owned by Telecom Italia (TIM), is part of a plan ironed out earlier this year by TIM’s CEO Luigi Gubitosi aimed at reviving the group.
A source said on Monday the board of Telecom Italia believed the offer was fair.
GEDI’s approval is needed for the deal to go ahead.
Reporting by Elvira Pollina