Macquarie raises hurdles to CDP joining KKR bid for Telecom Italia grid

Macquarie raises hurdles to CDP joining KKR bid for Telecom Italia grid

The logo of Australia's Macquarie Group Ltd adorns a desk in the reception area of their Sydney office headquarters in Australia. REUTERS/David Gray

Australian fund Macquarie is raising legal hurdles over a plan backed by Italy’s Treasury for state lender CDP to join forces with U.S. fund KKR to buy Telecom Italia’s (TIM) landline grid, three sources said.

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