A hot weekend is in sight for RCS. The meeting of the syndicate pact scheduled for this weekend, in fact, will have to unravel the intricate knot of the capital strengthening process necessary to guarantee the company, seeking a agreement between the parties that still seems far away.
The expected recapitalization is at least 600 million euros (probably in two tranches), even if the RCS board meeting to be held in the middle of next week could decide to give a single proxy for the increases. Some indiscretions, however, testify to the disagreement among the shareholders on the restructuring plan.
To harbor doubts would be in particular, as reported by Milano Finanza, the Penati family, who would not agree with the intervention hypothesized by CEO Pietro Scott Jovane in Corriere della Sera, asking for an even more drastic one. The risk is that the Bergamo industrialists will not adhere to the recapitalization, thus opening the doors to the subscription of the rights to their share.
Meanwhile, the Rcs share slipped in the late morning, losing 2,35% to 0,976 euros per share.
