The Offer of Cairo exchange of RCS MediaGroup is not suspended. The Tar confirmed the statement of the Consob of 22 July by which the Commission had decided not to suspend the operation of Cairo. The judges ordered the Consob to account with a report of the insights that are still performing, staring at the December 5 hearing on the merits.
In detail, the TAR of Lazio, with three separate orders (5015, 5014, 5013/2016), dismissed the appeals brought by Diego della Valle, Media Holding and Pirelli for the annulment, further suspension of its effects, the statement of 22 July last year in which Consob has assessed that the prerequisites for the interim suspension of the offer Cairo on RCS. The Court, however, “pending the relevance of the issue”, especially in light of the “insights that Consob is still carrying out”, and that the supervisory authorities will have to give account by depositing a specific report, has decided to fix the hearing of the final judgment on 5 December.
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Meanwhile, according to rumors published this morning by Radiocor Plus,
Gaetano Micciche it would be preached to become vice president of RCS. The manager of the Intesa Sanpaolo Group, as reported by the press of Il Sole 24 Ore, will be in the list submitted by Urbano Cairo for the new board of the editor of Corriere della Sera and take over as head of the group. Micciche, who worked alongside Cairo for the conquest of RCS in competition with the consortium led by Andrea Bonomi, will remain also chairman of Banca Imi.
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