US buy-out groups vie for control of Wind

24 Mar 2005

Blackstone and Providence Equity Partners have joined together to prepare a joint bid for Enel’s Italian telecoms operation Wind. The two groups are said to be lining up a counter bid to rival group Weather, a consortium of international financiers including Naguib Sawiris, which recently had its preliminary offer of EUR12 billion rejected. Wind is reported to be worth up to EUR13 billion.

Italy, WINDTRE (incl. Wind and 3 Italia)