Bloomberg Business

KKR Bid to Value Telecom Italia Grid At About €20 Billion

KKR & Co.’s non-binding offer for Telecom Italia SpA’s network would value the assets at about €20 billion ($22 billion) including debt, as the US private equity giant seeks a controlling stake of the unit, according to people familiar with the matter.

China Officials Warn of Challenges for Foreign Trade, Investment

(Bloomberg) — China’s foreign trade environment is “extremely severe” and the outlook for investment is also challenging this year as the global economy slows and faces uncertainty, according to Ministry of Commerce officials.

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