THEOpas of Cairo on RCS goes ahead despite the three complaints presented at the Consob to request its suspension. This was decided by the Commission itself, which this morning, before the opening of the markets, issued a note in which it explained that it had "examined the complaints received relating to the Cairo offer on RCS", and, while "reserving the right to make any further ", Of not having "considered, at present, that the conditions exist for the precautionary suspension of the Cairo offer".
In addition to Imh appeal, at Consob they also presented two other complaints on the Cairo takeover bid on RCS Pirelli e XNUMX Diego Della Valle, who acted autonomously to give further support to that deposited by the consortium. At the center of the deed of the RCS shareholders, defeated by Urbano Cairo's offer, would be the performance and trading of RCS shares in the days immediately preceding the closure of the two offers.
Meanwhile, all lending banks of Rcs MediaGroup communicated to Cairo Communication of waive the right to request early repayment of the debt deriving from the loan agreement dated June 14, 2013 (as subsequently amended on June 16). Cairo Communication made it known, specifying that the decision of the credit institutions is "due to the acquisition of control of Rcs MediaGroup by Cairo Communication".
Today is expected the payment of the consideration for the shares contributed to the offer (equal to 0,18 Cairo Communication shares and 0,25 euro in cash) of Cairo Communication and the owner of La7 will own 48,8% of the capital of Rcs Mediagroup. From today until 28 July, then, the holders of shares who had contributed to the IMH tender offer have the right to migrate to the Cairo one, which could further increase its share up to almost 62% of RCS.
Late yesterday evening Mediobanca, on behalf of Imh, announced that, given the final results of the Imh offer on RCS, "the equity investment in the share capital of RCS attributable to the Imh offer amounts to a total of 196,76 million ordinary shares, corresponding to 37,7%".
This morning in Piazza Affari the RCS title is substantially unchanged at 0,898 euros, while Cairo communication gains 1,7%, to 4,09 euros.
