In these hours, the hypothesis takes shape that Exor could participate in the capital strengthening of Premafin, the "box" that controls Ligresti's stake in Fonsai. The company, in fact, needs a large investor to cope with the expansion of the company.
To favor an involvement of the Agnelli group there is the closeness of Leonardo & Co., of which Exor is the third shareholder out of eleven, to the Premafin dossier. In addition to the fact that Sai, domiciled in front of La Stampa, is an old creature of the Ifi house. It is no mystery that the group, after the exit from Toro and the sale of the stake in Intesa, today does not have a financial lung up to its ambitions.
A few days ago theagreement reached by Exor for the sale of Alpitour. The financial company remains, probably at the request of the buyers, with a 10% stake in the vehicle company, which acquired the leader of Italian tourism for 225 million. Alpitur – whose command will be taken over by Gabriele Burgio, former CEO of Nh Hoteles – will be entrusted to two closed-end private equity funds, Wise and J. Hirsch, plus the Italian Network Capital.
The capital gain on book value is 85 million, of which 22 reinvested in Alpitour. More or less the amount (72 million) that Exor has allocated to deal with the capital increase of Juventus. The completion of the whole operation is foreseen for the first quarter of 2012.
