Cassa Depositi e Prestiti announces the placement of all 4.451.160 treasury shares in its portfolio, equal to1,30 % of the share capital, for a value of approximately 400 million euroThe offer, a note states, was preliminarily addressed to the current shareholders of CDP, finding an almost total participation of the Banking foundationsThe unsubscribed treasury shares were placed, with the support of theacres, in favor of 4 banking foundations that are not already shareholders of CDP.
CDP places 1,30% of its own shares: new subscriptions
The procedure, the note further specifies, saw the adhesion of four new Foundations: Orvieto Savings Bank Foundation; Savings Bank Foundation of Foligno, Fondazione Cassa di Risparmio di Ascoli Piceno e Cesena Savings Bank FoundationThe transaction, it is stated, will consolidate the shareholder base, without impacting governance, and will increase Cassa Depositi e Prestiti's net worth.
CDP, what President Acri said
"The banking foundations express their full satisfaction with the overall outcome of the sale of Cassa Depositi e Prestiti Spa's own shares." This is the comment of the president of Acri, John Azzone, according to which "the unanimous support of the existing shareholder foundations, combined with new additions to the shareholder structure, represents further confirmation of the strategic value they attach to their participation in CDP's capital." According to Azzone, "this choice is fully consistent with the mission of banking foundations, aimed at promoting the sustainable development of local communities and the country, and demonstrates their trust in the governing bodies of the Cassa."
