The Malacalzas announce their vote against the Camfin 2012 financial statements and dispute the revaluation of the stake held in Pirelli, equal to around 26%, because it is considered 'imprudent and risky'. This was announced by the director of Malacalza Investimenti, Massimo Pezzolo, who spoke at the meeting.
'The revaluation is not reflected in the dynamics of the subsidiary and therefore it is imprudent and risky' he declared, underlining that Camfin's 2012 result is positive 'only because it proceeded to revalue the investment in Pirelli'.
