The Rcs share on the stock market takes off, earning 4,5% at the beginning of the afternoon, to 1,139 euros. The wave of purchases could be linked to press rumors according to which Urban Cairo, currently a shareholder with 3,669%, may be willing to increase its stake. No confirmation from either RCS or Cairo. Today, however, the entrepreneur specified that he had never spoken of a possible takeover bid by him on RCS: "I've never said such a thing, it was an assessment by the journalist".
As for the hypothesis that Maurice Costa, former managing director of Mondadori, you become president of RCS, Cairo does not agree: "Since Rizzoli has returned from somewhat difficult years – he said -, maybe something else is needed".
And again: “I don't know… Maybe one should see what he did at Mondadori. I don't think there are any sensational track records. He is a person that I certainly consider respectable and that I respect. After that, if this is the new one that is advancing… I don't think he left Mondadori in sensational conditions… – added Cairo-. However, I'm not the one who has to say who is good or not. I don't have the task of choosing either the president of RCS or the director of Corriere della Sera. It's not up to me to make this type of assessment."
Furthermore, on the work of the current managing director of RCS, Peter Scott Jovane, who FCA (major shareholder of the publishing holding) intends to confirm in the position with the renewal of the Board of Directors in April, Cairo reiterated considerations already expressed: “I know Jovane and we are also on good terms, there is also sympathy. But what I say is that three years to recover is a very long time and we are still in a difficult situation".
Cairo then recalled how “from the beginning of 2012 to 30 September 2014, Rcs burned cash almost as much as it collected from divestments. You're not doing the right thing if you're selling the family jewels to cover your losses. I do not share this. The situation that can be much improved”.
