Cir shares were down slightly in Piazza Affari, which, after gaining 3,2% in the last session, dropped 0,25% this morning.
The first objective on the company's agenda is to stem the effects of the Sorgenia crisis. On Friday, De Benedetti's holding company informed the trustee of the 2004-24 loan that it was ready, if requested, to repay the debt (259 million), thus anticipating the consequences of non-payment of installments and interest by Sorgenia, which obtained a debt moratorium (1,75 billion) from the banks.
The repayment operation, specifies a note, "would not affect the net financial position which would in any case maintain cash availability at the holding level in excess of 350 million", thanks to the proceeds of the Mondadori award.
