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Stock exchange, Tiscali exploits on restructuring rumors

The stock was suspended on the Stock Exchange in the mid-afternoon due to an excessive increase, when it had come close to a gain of 24% (+23,94% at 0,0528 euro): here's why.

Stock exchange, Tiscali exploits on restructuring rumors

Exploit by Tiscali in Piazza Affari, where the stock was suspended in the mid-afternoon due to excessive increases, when it had come close to gaining 24% (+23,94% on 0,0528 euro). Driving the quotations of the telecommunications company, which tends to be very volatile, are some speculations relating to possible accelerations in the debt restructuring process which can also pass through a recapitalization which would allow a "white knight" to enter the capital and which could lead to a total or partial transfer.

Sources close to the company, however, underline that there is actually no news with respect to what has already been communicated to the market in the management report for the first 9 months of 2014. In particular, the press release relating to the accounts explained that "it is believed that said process of restructuring can be completed successfully in the short term”.

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