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RCS: Ghizzoni, the plan is ambitious but involves risks

"It seems to me a plan with a rather high risk of execution" said Federico Ghizzoni, CEO of UniCredit, with reference to the operation envisaged to reduce the debt of RCS (which will also involve the sale of the historic headquarters of the newspaper Il Corriere della Sera ) – Unicredit is one of the major creditors of the publishing group

RCS: Ghizzoni, the plan is ambitious but involves risks

"I haven't seen it in detail, but, as a layman, it seems to me a plan with a rather high risk of execution." This was stated by Federico Ghizzoni, CEO of UniCredit, specifying that he speaks as a creditor of the publishing group which has recently presented a vast reorganization plan which also includes the sale of the historic headquarters of the newspaper 'Il Corriere della Sera'.

Therefore, “it must be evaluated with the utmost attention. Since – he recalled – we have all gone through periods of restructuring, it can be said that selling assets today is not an easy task”. "I believe - he concluded - that it is a very ambitious plan but with a certain implicit risk of execution".

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