RCS, the banks waive all claims for reimbursement. Consob: “No suspension of Cairo Opas” – The Republic

MILAN – On the one hand the battle to the sound of complaints to the prosecutor, but with the Consob sees no reason to suspend the Urban offer Cairo, despite the demands of the historical shareholders have lost to shed more light on the stock market movements. The other banks that proceed agree, without putting a spoke in the wheel to change of ownership in RCS, after the success publisher alessnadrino nell’Opas who defeated the counteroffer by Andrea Bonomi roped with Mediobanca, Della Valle , UnipolSai and Pirelli.

All of the financing banks of RCS Mediagroup incatti have communicated to Cairo Communication to renounce the exercise of the right to demand early repayment of the debt arising from the loan agreement of 14 June 2013 (as amended on 16 last June). It has specified the same publishing company stating that the decision of the credit is established “on purchases of RCS Mediagroup control by Cairo Communication”. Today is expected to pay the consideration for the shares tendered (equal to 0.18 Cairo Communication shares and 0.25 euro in cash) Alexandrian publisher and patron of La7 will be officially on possession of 48.8% of the RCS Mediagroup capital. Changing the ownership, institutions would have been able to advance demand repayment of refinanced debts of up to 352 million last June, which they see as a major lender Intesa Sanpaolo, to follow then Ubi Unicredit, BPM and BNL-BNP around and finally Mediobanca.

from now until July 28, then, those shareholders who had conferred takeover bid of imh have the right to ‘migrate’ to that of Cairo, which could further increase its share up to almost 62% of RCS.

late yesterday Mediobanca, on behalf of Imh, announced that, in the face of definitive results Imh of RCS, “participation in the RCS share capital attributable to the offer Imh amounted to a total of 196,760,000 ordinary shares, corresponding to 37.7%. “

First, though, was the legal battle to keep the counter: the historical shareholders (Della Valle, Mediobanca, UnipolSai Pirelli) alongside Andrea Bonomi have filed a complaint with Consob and Milan prosecutor’s office demanding clarity on stock market movements during the period of the offers on the part of Cairo and the funds that have chosen to entrust the shares. On these claims, is a short Authority Stock Exchange meeting was held for which “the state there are no grounds for a

dell’Opas suspension of Cairo.”

Topics:

RCS

Stakeholders :