The request for seizure of 96% of the shares of Ru, the controlling holding company of Rinascente, was rejected by Vincenzo Perozziello, judge of the eighth civil section of the Court of Milan. The request was presented by Maurizio Borletti, president of the same holding and owner of the remaining 4% of the capital.
According to the judge, the procedure for the sale to various Thai companies was correct and Borletti exercised his option right late. As for the right of first refusal, however, Borletti would never have had it. Thus established the Milanese judge. The decision was filed yesterday afternoon and notified to the parties this morning.
