Marco Polo Holding Srl has signed an irrevocable and binding purchase agreement for the purchase of 4.842.000 shares held by Banca Popolare di Vicenza in SAVE Spa, a company listed on Borsa Italiana's electronic stock market which operates mainly in the airport sector.
The shares that will be purchased by Marco Polo Holding, a subsidiary of Finanziaria Internazionale Holding SpA, represent an 8,75% stake in the company, at a price of 63,4 million euro. 10% of the price will be paid within the year, upon transfer of all the shares, and the remaining 90% by 22 February 2016 with the maintenance of the entire restricted share package in favor of Banca Popolare di Vicenza Scpa, until to the balance.
The disposal, due to the agreed implementation methods, will determine a capital gain for Banca Popolare di Vicenza Scpa
net pertaining to 2015, equal to 16,7 million euro.
Following the sale operation, the investment held, directly and indirectly, by Finanziaria Internazionale Holding
SpA in SAVE SpA will amount to a total of 59,640%.
