Mercoledì, 17 Ottobre 2018

RCS's planned capital increase 'will probably be approved'


La Bagnaia, May 24 - Italian publishing company
RCS's planned 400-million-euro capital increase will probably be
approved, according to board member Carlo Pesenti.
"It's likely it will pass," said Pesenti about the upcoming
May 30 shareholders' vote.
Pesenti did not say how his family holding company
Italmobiliare, which owns 7.4% of RCS, intended to vote.
"We have all the time to make a wise decision, we we will
take all of it to make it," he said.
Last month Fiat Chairman John Elkann said Fiat would
participate in the capital-increase operation being organized by
RCS, which is the owner of national daily Il Corriere della
Sera, among other companies.
Fiat is one of several members of a shareholder pact that
controls 58% of the Italian publisher, which faces bankruptcy
unless it successfully raises new capital.

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