The shareholders' meeting of Gruppo Partecipazioni Industriali, a company controlled by Marco Tronchetti Provera, gave its opinion ok to start the recapitalization of Camfin, of which Gpi holds 42,7%, thus granting the Board of Directors the authorization for a capital increase of up to 45 million, an increase which, if fully implemented, would make it possible to eliminate the negative financial position of 41 million at the end of 2011.
The position of Malacalza Investimenti (which holds 31% of Gpi), represented by the CFO of Hofima Marco Caneva, on the matter is not clear, but it is probable that the Genoese family, also given the recent disagreements with Tronchetti Provera, has chosen to abstain .
The Stock Exchange reacted very well to the news, given that the Camfin share, in the late morning, gained 3,47% to 0,536 euro per share.
