the first public event is scheduled for tomorrow morning at 10, at the Press Club in Milan, where Urbano Cairo is usually hold assemblies. This time, members of Cairo Communication, the patron of ‘La7′ also presents itself as the new ‘Corriere della Sera’ Group Managing editor. The first single majority shareholder for over 30 years now in Via Solferino. His Opas has won 48.8% of the capital of RCS, beating her opponent Opa Andrea Bonomi and the four members of the same historical RCS – Diego Della Valle, Mediobanca, Pirelli and UnipolSai – who stopped to 37.7 %. And now, as planned, the Cairo meeting in extraordinary session, members are asked to approve the capital increase from 70 million to dell ‘offer service.
Who is here to stay
in RCS, Cairo is thus on the brink of an absolute majority of 50%, but the threshold will be exceeded in the case of migration of securities that were delivered to the offer loser, as required by regulation. Litigation on this point there should not be. Already in the evening of Friday arrived, with great foresight the acknowledgment of Bonomi on the outcome of the contest and yesterday it was confirmed that there will be no “resentments” and disputes. It is unclear whether the number one Investindutrial remain among the shareholders of RCS, perhaps with the 2.17% share that the consortium has purchased in the pipeline. It is estimated however that the vehicle and the pact constituted for the offering are dissolved. Some, like Della Valle or Pirelli, would be willing to stay. Can not form a minority can block a merger with RCS that the entrepreneur has in mind to achieve within the next two years.The members in the next two years, that is for at least 24 continuous months, the actions will remain “faithful” the Cairo plan will be rewarded with the vote increased. Still yesterday to Cairo was a day at work with the advisor team who accompanied him from the beginning, Banca Intesa with Sanpaolo Imi and his number one Gaetano Micciche, Equita with Francesco Perilli and Alessandro Profumo, the lawyer Sergio Heir with the team of BonelliErede study. A short should start buying back 5% of Cairo Communication with the Opas where the publisher will be diluted under the absolute control. The watchword is “to you soon.” The final figures of the tenders will be announced by Thursday 21 Consob, then the assembly will be convened for the renewal of the board.
July 16, 2016 (amendment July 16, 2016 | 22:33)
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