Domenica, 23 Settembre 2018
MILAN

Lion's share of RCS's capital increase subscribed to

English
© ANSA

Milan, July 5 - The 400-million-euro capital
increase reserved for existing shareholders of Italian
publishing company RCS, owner of national dailies Corriere della
Sera and La Gazzetta dello Sport as well as other media
companies, has been underwritten for 85% of the total, according
to financial sources.
The remaining 15% that went unsubscribed as part of the
rights issue will be sold directly on the Italian stock market
during the course of five trading sessions starting from
Wednesday.
The company has been forced to raise fresh funds due to
difficulties it has faced in recent years in the media and
publishing sector.
Leading shareholders in the company include Fiat, Pirelli,
merchant bank Mediobanca, fashion entrepreneur Diego Della Valle
- who owns a controlling stake in luxury-goods maker Tod's - and
the Benetton family.

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