Banco Popolare comes out from Rcs. The board of directors of the bank approved the exercise of the put option stipulated with Pandects, the financial company of the Rotelli family, on 0,91% of the capital of the publishing group.
A note from the institute says so, adding that on the basis of the agreements, the payment of the price is currently estimated at 113,9 million euros and the transfer of the shares, "will take place on the second open market day and following the expiry of the deadline for the exercise of the option". The exercise date was defined in the period between 18 and 21 February.
Negative reactions in Piazza Affari, where at 12 Banco Popolare lost 2,09% and Rcs 0,93%.
