On Friday, Santander Brokerage reported that Fega & Schmitt Elektrogroßhandel, part of the Würth Group, intends to launch a tender offer to sell all 22,199,200 shares in TIM, at PLN 50.69 per share. TIM's major shareholders have pledged to sell their shares in response to the tender offer.
A corollary to this news is the decision of TIM's board of directors to discontinue the dividend policy for 2021-2023. This will involve the probable non-payment of dividends for the profit earned in 2022!
Today we present the valuation of TIM SA, prepared by companyvalueradar.com
TIM is the largest distributor of electrotechnical materials in Poland. The company was founded in 1987 in Wroclaw, and has been listed on the WSE since 1998. Its consolidated sales revenues reached PLN 1,314.35 million in 2021.
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