"The statement, repeatedly published by a press organ, according to which the operation that accompanied the separation of Malacalza from Tronchetti it would also take place through an occult pact". He communicates it in a note from Mtp Spa, specifying that "there are no pacts or agreements between the parties involved in the Camfin reorganization operation that have not been made public and of which Consob has not been informed".
Malacalza's exit, continues the note, “was only agreed in the last few days, after months of heated confrontation and the absence of any agreement, including on the methods for a possible separation. The many and continuous rumors reported above all in the last few weeks by the newspapers have been, at the request of Consob, repeatedly denied by the companies involved, with press releases and notes that certainly could not lend themselves to the perverse game of denials and counter-denials in pursuing the many and often conflicting inferences on alleged details of an operation which, as mentioned, even in the execution methods, was defined only in the final phase”.
As for the benefits for the market, Tronchetti underlines in the note "that through the takeover bid Camfin's minority shareholders will have the opportunity to value a security at 0,80 euro which until a year ago (before the value of the share affected by the speculative appeal generated by the dispute with the Malacalza family) it hardly exceeded 0,30 euro (average valuation of the previous three years)”.
Finally, "the theme of the alleged rescue proposed by some media - concludes the note - is completely out of place. Neither Pirelli, as confirmed by the results of recent years, nor other subjects, as confirmed by the NAV of Camfin, needed to be saved. The new investors believed in an industrial project and put their trust in the Pirelli management, the creator of the results obtained so far, working to unblock an impasse that could have compromised them in the long run”.
