Financiere du Perguet, Vincent Bollore's holding company which holds the shares in Mediobanca and Generali, continues to make profits without distributing dividends. As emerges from the financial statements filed in recent weeks, Perguet recorded a net profit of 2016 million in 17,1 after the 16,8 million of 2015. Also on this occasion, as on the previous one, the result was carried forward and the document specifies that 'the company' has not distributed any dividends in the last three years'. Perguet is custodian of 7,98% of Mediobanca, accounted for at a value of 536,2 million euro.
The share yielded a coupon of 18,5 million. Based on the accounting data, the almost 70 million Mediobanca shares of Perguet have a unit value of around 7,7 euros, therefore below the 8,45 euros (+1,5%) at today's stock exchange closing. The 'Italian' safe of the Bollore group also owns 0,13% of Generali, for a value of 29 million euros and the investment allowed the collection of a coupon of 1,1 million euros. Income from equity investments amounted to 19,7 million, an increase of around 2 million over the previous year, while charges for the year amounted to 2,5 million and 2 million were financial charges. Debt is down to 69,7 million from 82,8 million. Assets amount to 566 million euros from 561 million in 2015. The increase - explains the financial statements - derives from the purchase of Mediobanca securities for 5,2 million euros which brought the share close to 8%.
Bollore' is the second largest shareholder of Mediobanca, behind Unicredit (8,5%) and his stake represents 25,76% of the shares bound by the shareholders' agreement which brings together just under 31% of the bank's capital . The agreement expires on December 31st and is automatically renewed for another 2 years, among participants who have not given notice of cancellation at least three months before the expiry (i.e. by September 30th), provided that they represent at least 25% of the capital of Mediobanca. The signatories will meet on 22 September to determine the list of candidates for the renewal of the bank's board of directors to be submitted to the meeting at the end of October. On 15 September, however, the board will meet.
