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RCS: Cairo buys 3,5 million shares and rises to 3,7%

The owner of La7 Urbano Cairo bought 3 and a half million shares of the RCS group, going from 2,8 to 3,7% of the capital – “I am a shareholder of RCS and nothing more. I don't have any kind of wishful thinking” – As for a possible position on the board of directors, “if they proposed it to me, I would think about it”.

RCS: Cairo buys 3,5 million shares and rises to 3,7%

The number of ordinary shares of Rcs in the hands of Urban Cairo it is now 15,5 million. "I grew up a little, I bought 3 and a half million shares, equal to about 0,8%, going from 2,8 to 3,7%", said the president of Cairo Communication at the end of the shareholders' meeting of the society.

The operation should not herald an advance by the owner of La7: “I am a partner of RCS and nothing more. I don't have any kind of wishful thinking,” he commented. As for a possible position on the board of directors, “I haven't thought about it, no one has proposed it to me, if they proposed it to me I would think about it. Rcs is a company that I have always adored and I have always appreciated the founder Angelo Rizzoli. It's a company I'm very fond of”.

At home in Cairo, meanwhile, business is going well. "The trend is positive, January and March register a positive sign with over 5%", said the president of the Cairo Communication publishing group at the end of the shareholders' meeting which, among other things, approved the 2013 financial statements. he then specified that as regards the group's weeklies and monthlies "the period was less good, but in April it was almost completely recovered compared to the first quarter". The publisher recalled the success of some of the group's periodicals, especially 'Effe', dedicated to a medium-high female audience.

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