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Rcs, Della Valle: "No to the capital increase, an unfeasible plan"

The entrepreneur's lawyer: "If the capital increase is approved in any case, I hope that the Board of Directors deeply revises the plan on the basis of a realistic forecast of the results and that it renegotiates the debt with banks so as to rebalance the sacrifice between new shareholders and old creditors”.

Rcs, Della Valle: "No to the capital increase, an unfeasible plan"

XNUMX Diego Della Valle he said no toRcs capital increase. The contrary vote was announced at the shareholders' meeting in Milan by the lawyer Sergio Erede, who represents Di. Vi., finance company of the entrepreneur from the Marche region. Erede defined the objectives contained in the publishing holding's 2013-2015 plan as "unrealizable". 

"If the capital increase is approved in any case - added the lawyer - I hope that, in order to protect the interests of the company, the Board of Directors, in good time and that is before the expiry of the terms for subscription, deeply revises the plan on the basis of a realistic forecast of the results, also in the light of the current market context, and that renegotiate the debt with the banks so that it rebalances the sacrifice between new shareholders and old creditors”.

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