KKR faces EU probe over alleged misleading info in Telecom Italia deal

Investing.com -- The European Commission launched an investigation Thursday into whether U.S. investment firm KKR provided incorrect or misleading information during its €22-billion ($26 billion) acquisition of Telecom Italia (BIT: TLIT)’s fixed-line network.

The EU competition enforcer, which had unconditionally approved the deal in May 2024, said its decision was partly based on long-term agreements between FiberCop, Telecom Italia’s last-mile grid unit, and telecommunications companies Fastweb and Iliad.

"Under the investigation opened today, the Commission will assess whether KKR provided incorrect or misleading information about these agreements," the EU watchdog said in a statement.

The Commission has taken a strict stance in recent years against companies that provide misleading information during merger reviews, imposing substantial fines on violators.

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