Corser, Urbano Cairo for 48.8% of the publishing house RCS. But the game is not yet closed – The Daily

Whatever happens, Urbano Cairo is the moral winner, even before the material, the match for the Corriere della Sera . The patron of Turin had left in his pocket with just 4.6% of the capital of RCS and its bid for the publisher received subscriptions amounting to 44.2% of the companies that have brought to have in hand a total of 48.8%, 254,786,000 shares. The operation of the former salons Via Solferino led by Andrea Bonomi name Mediobanca , UnipolSai , Pirelli and the Valley , the lead game with a 24.7%, enjoyed only 13% of the shareholders of the publisher (indeed a little less, because he bought a few titles on the market) and has stop at 37.7 percent.

needle of balance was once again the family Rotelli . Already in 2013 the king of the health Lombard with his affirmative vote was crucial to the way the recapitalization of RCS that avoided the publisher terminus but brought Fiat in the shareholder structure head. Three years later his heirs decided to divide salomonicamente “the child” in equal parts giving to each destination offering ‘of their 3% of RCS. The link with the sponsors of Cairo, the Intesa Sanpaolo the tutelary deity of the Courier , Giovanni Bazoli , even him and once again the moral winner of the match against Mediobanca , it is very strong for the rest of Rotelli. But also the living who do not want anything to do to set clearly have their charm.

The devil is in the details, however. For if Cairo has had the best result in terms of both growth and absolute, even Bonomi and members far exceeded the threshold of validity of the data of which will be made official by Consob by Thursday 21. But already so it is clear that there would be too many roosters in the hen house if no one steps aside or is not an agreement. Helping to break the deadlock comes the Regulation which provides that shareholders may transfer to the winner the actions that had already been given to those who have lost. The window will open July 22 to 28 . Crucial, therefore, for anyone who has supported Bonomi, whether the consortium losing or not winning, you can keep up with the actions that do not migrate to Cairo or the need to return to the previous owners. And now they will do to the end or the rules are clarified before? The results in either case would be completely opposite: it is clear that anyone who wants to sell without risking to remain with the match in hand will settle the cash portion from Cairo offer. But if he had the certainty of cash in more cash and immediately do the same?

And they will do to the end or the rules are clarified before? The results in either case would be completely opposite: it is clear that anyone who wants to sell without risking to remain with the match in hand, you will satisfy the cash portion from Cairo offer. But if he had the certainty of cash and more cash right away, he would do the same? The timing, in short, is all. And so far as Consob he has not played much in favor of transparency. Fueling the risk of aftermath Legal bulky especially for a company in trouble as RCS. In the face of the market which would be enough to protect an agreement or a step back as bodes well the words of Bonomi doing her “ Best wishes ” in Cairo. And then he adds: “It ‘s time now to think about the good of the company that I am sure, with the support of all its shareholders, will achieve good results.”

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