Tiscali stock takes off. After failing to make a price during the first trading in Piazza Affari, the shares of the telecommunications company were admitted to trading and immediately recorded a jump of 21,31%, to 0,0575 euro, to then be suspended in volatility auction. In the same minutes, the Ftse Mib travels in negative territory by more than one percentage point waiting to hear if Greece is forced into early elections.
The news of the agreement with creditors on the debt triggered the wave of sales on Tiscali shares. On 24 December, the company announced the signing of the agreement for the restructuring of 140 million in bank debt. The operation also provides for a capital increase of 42 million (about half of its capitalization) which will be subscribed by Société Générale.
