The Prelios share took off on the Stock Exchange, and at the end of the morning it was suspended in a volatility auction with an increase of 18,98%, to 0,131 euro per share, by far the best performance in all of Piazza Affari.
The wave of purchases comes a day after the closure of the capital increase that will lead to a new shareholding structure for the company. The results of the operation were released on Wednesday evening, which closed with 64,97% participation, for approximately 43,2 million euros.
The consortium in which Fulvio Conti, former CEO of Enel, also participates, would have converted the rights into shares, preparing to land in the capital of the real estate group as the new reference shareholder, with a stake of approximately 20%.
Together with Conti, Daniel Buaron (already founder, together with the De Agostini group, of Fare sgr which later merged into Idea Fimit), Ferruccio Ferrara (CEO of Negentropy, a company specializing in non-performing loans controlled by Prelios), the former vice president of Prelios Massimo Caputi and York Capital, which uses Gianfranco Paparella (ex Lehman Brothers) as a consultant.
In the next few days, according to Il Sole 24 Ore, the group of investors will file an agreement in which Fulvio Conti is proposed as president.
As part of the increase, Unicredit and Intesa Sanpaolo subscribed their share (equal to a total of 14,53%), for 6,6 million and 3,1 million respectively, by offsetting receivables.
The unexercised rights, equal to 35,03% of the shares offered for a countervalue of 23,3 million, will be put back on the market in the Stock Exchange sessions between 29 February and 4 March 2016 and can be used for the subscription of shares at the price of 0,1029 euro, in the ratio of 9 shares for every 10 rights.
