The stock market purchases of Camfin continue, while the clash between the two main shareholders, Marco Tronchetti Provera and the Malacalza family remains in the background. The shares of the holding company that controls Pirelli reached a new annual high of 0,4799 euros at the start of the session, with already 15 million shares traded in the first two hours of trading. At the end of the morning, the stock gained more than four points, at 0,4372 euros.
Despite the flame of the title, the analysts of Equita Sim continue to believe the eventuality of a takeover bid is “improbable”..
Since August 14 - the day in which the clash between the two main shareholders exploded - Camfin shares have risen by more than 42%, following the dispute over the methods of restructuring the company's almost 400 million debt.
Today, according to Il Giornale, the Malacalzas could come out into the open with a document - which should be published after the markets are closed - in which they explain the reasons for their no to the decision of the Camfin board of directors to resort to the convertible bond to finance the debt of the holding company.
