Camfin, the financial company of Tronchetti Provera which holds 14.1%, has already advanced its candidacies for the next Pirelli board of directors - Giorgio Bruno leaves the scene
The consultation and voting pact between Camfin and Brembo lays the foundations for an Italian pole in Pirelli that can counterbalance the Chinese presence and open new horizons for the future
The new Pirelli shareholders' agreement has been signed: Tronchetti Provera will be confirmed as executive vice president, but will hand over the position of managing director to Giorgio Luca Bruno
Pirelli comes to terms with the Coronavirus effect, limited by cost cutting and efficiencies - Liquidity guarantees coverage of financial debts for 3 years - Partnership finalized between Camfin and the Chinese of Longmarch
Full confidence of Camfin in Pirelli and in its management led by Marco Tronchetti Provera: green light for the purchase of shares in the tire group
The Council of State annulled the Consob resolution which required Lauro 61 to raise the tender offer price from 0,80 to 0,83 euro per share
The group of Chinese shareholders, led by ChemChina, and Camfin hold respectively 45,5% and 10% of the capital - Tronchetti Provera's central role confirmed
According to the administrative judge, there was no collusion between the bidder and the seller Malacalza: therefore it was unjustified to impose the increase from 0,80 to 0,83 euro per share.
Next Tuesday, therefore, there will be the transfer to Marco Polo Industrial Holding (Bidco), a newly established Italian company, of Camfin's direct stake in Pirelli, and the simultaneous reinvestment of Camfin in Marco Polo International Italy (Newco), a company that controls…
The holding confirms that negotiations are underway with an international industrial partner for the sale of the entire Camfin stake in Pirelli.
Agreement for the purchase by the Russians of 50% of Camfin which owns 26% of Bicocca - Lauro61 dissolves with the total exit of Clessidra and the partial exit of Unicredit and Intesa, which celebrate on the Stock Exchange - A…
The proposal of the offshore funds is therefore clearly above the increase to 0,83 euro indicated by Consob and the offer by Lauro which recognized a premium of 37% on the twelve-month average of the Camfin and 5,5% on average…
The Lazio Regional Administrative Court blocks the takeover bid increase on Camfin, suspending the Consob resolution (which had forced the holding company to bring the offer from 0,8 to 0,83) - Meanwhile, the takeover bid on the Pirelli company exceeds 90% of the capital, determining a…
The Treasury sold all 8,5 billion of bonds annually with a yield down to 0,999% from 1,34% in the September auction - In Piazza Affari, the banks are leading the rise - Insurance companies are also doing well, little moved…
Pending the definitive ruling, the Commission provision which raised the price of the takeover bid for Lauro Sessantuno on Camfin from 0,80 to 0,83 euro is frozen.
The Lazio Regional Administrative Court suspends the increase in the price of the Camfin takeover bid. After the holding company's appeal, following Consob's decision to bring the price from 0,80 to 0,83, the administrative court accepted the request for adoption of…
The Commission that supervises the stock markets yesterday raised the value of the public offer that Lauro 61, the vehicle controlled by Marco Tronchetti Provera, Banca Intesa, Unicredit and Clessidra, launched on the Pirelli holding company -…
Camfin, the controlling holding company of Pirelli, rises by 3,31% to 0,858 euro per share: the market is betting on the increase in the price of the takeover bid by Consob, which will decide by 27 September - For analysts space up to 0,98 .XNUMX…
The offer of the newco was launched in August at 0,8 euro per share, a price that Consob intends to raise - The Commission has also decided to extend the tender offer deadline to 27 September.
The Fed and the ECB cool down the markets but the messaging giant presents the placement application: ditto for the Hilton hotels - In Europe, the taxman scares asset management - In Piazza Affari (which today opens with a bearish price) the…
After a leap forward of 5% in five sessions, Milan closed today with a drop of 0,23% - Prudence prevailed in all European price lists, due to the disappointing data on industrial production - At Piazza Affari the…
The Commission also communicated that it intends to order an extension of the offer expiring tomorrow, September 13 - Consob will decide on the possible increase in the price with a reasoned provision within the new terms for closing the offer - Camfin stock soars to…
According to Consob communications on relevant holdings, The Antares European Fund Limited rose to 2,297% on 5 September, i.e. the day after the requests for further information made by Consob to the promoters of the public offer on the holding company
"A change in the offer price cannot in any way be hypothesized, since neither the conditions nor the reasons exist" - Consob: "At the moment, no formal objection".
The net financial position is negative for 358,2 million euros, an improvement compared to the 380,2 million at the end of 2012 - The company also expects to close 2013 with a profit thanks to the dividends from Pirelli.
Consob has given the go-ahead for the takeover bid on Camfin by the vehicle uniting Marco Tronchetti Provera, Clessidra, Intesa Sanpaolo and Unicredit - The takeover bid will start on August 12 and end on September 13 - The…
The formulation of the opinion on the adequacy of the offer will be on the agenda of a Camfin board meeting which should be held next week. In the meantime, the Lauro 61 board of directors' meeting is scheduled for tomorrow for the insights requested by Consob
The vehicle owned by Marco Tronchetti Provera, Intesa Sanpaolo and Clessidra aims to close the file on Consob findings by tomorrow's board of directors, to close the takeover bid on Camfin - The Authority has asked for greater clarity on the determination of prices at…
The start of the takeover bid on Camfin has been postponed. Consob requested additional information from Lauro Sessantuno, the vehicle owned by Marco Tronchetti Provera, Intesa Sanpaolo and Clessidra. Consob asks for clarifications on the Pirelli shares sold to Malacalza and the valuation of the packages…
Giuseppe Vegas, president of Consob, confirmed that the investigations into the Camfin-Pirelli reorganization will be concluded as quickly as possible, safeguarding the seriousness of the checks. In recent days, Lauro Sessantuno, the vehicle owned by the new Camfin controlling shareholders, deposited…
Mtp Spa specifies that "there are no pacts or agreements between the parties involved in the Camfin reorganization operation that have not been made public and of which Consob has not been informed" – Furthermore, "the issue of the alleged bailout proposed again…
The newco Lauro Sessantuno, led by Tronchetti, announces that it has reached an agreement to take over 60,99% of Camfin and that it is ready to launch a takeover bid on the holding at 0,80 euros per share - The Malacalzas will sell their shares from the…
Piazza Affari (+0,45%) partially recovers yesterday's losses but the stock exchange day is full of sparks: Bpm shines (+4%) due to Bankitalia's pressure on the spa but also Stm (+4,6% ) for ascending orders - Generali…
In the middle of the morning, the holding's share scores one of the best increases on the Ftse Mib - The shares of the subsidiary, on the other hand, are at the bottom of the price list - Expectations are growing for the agreement between Tronchetti Provera and…
Market expectations are aimed at a final solution for the Camfin shareholding restructuring - Over the weekend the match between Marco Tronchetti Provera and Vittorio Malacalza seems to have unblocked - The duelists have decided to dissolve the Gpi,…
Over the weekend Tronchetti Provera and Malacalza agreed to dissolve Gpi, the box that holds control of Camfin on which Pirelli depends: the takeover bid on Camfin is approaching supported by banks and Clessidra but the game is not yet…
The unbundling of the Telecom network is one of the hottest challenges of the summer for Italian industry and finance - But the president Bernabè specifies: "We will unbundle the network but not all and we will keep control: Snam or Terna model for the new…
The decision "follows the rejection of the proposal formulated yesterday by Marco Tronchetti Provera Partecipazioni spa to Malacalza Investimenti srl and given the legal dispute which has now become permanent".
The note speaks of "further conditions set in the separate communication sent to us via fax today by Marco Tronchetti Provera (curiously not mentioned in his press release)" which lead the Genoese family not to accept Tronchetti's invitation.
The plan should provide for a proportional demerger of Gpi between Tronchetti Provera and the Genoese family, which in exchange would obtain another stake in Camfin - The agreement would therefore trigger the reorganization of the entire corporate chain upstream of Pirelli, which should…
Losses of more than 2% for the main banking stocks and Piazza Affari closes down by 0,45% - Buzzi goes against the trend, thanks to a UBS report that promotes it to "buy", but also Saipem, Luxottica, Stm and Prysmian - Gold …
Great anticipation for tomorrow's speech by the president of the Fed but also for the moves of the Bank of Japan - Tokyo is starting to think that the yen is too devalued - America sues Apple and JP Dimon - Qatar…
Today on the Stock Exchange will be the day with the most coupons of 2013: the dividends of the companies with the largest capitalization are coming, including Eni, Unicredit, Intesa and many others - The impact on the Ftse Mib will be a drop of 1,6% but it is …
The company that controls Pirelli denies the press rumors circulated today about a possible preliminary agreement between Tronchetti Provera and the Malacalzas - Camfin and Pirelli's shares, however, still run in Piazza Affari.
The project anticipated by press rumors envisages that the Malacalzas will be assigned approximately 25% of Camfin after a proportional demerger of Gpi (which today holds 41,7% of Camfin) – There is talk of a newco worth 200-250 million…
The representative of the Malacalzas said about Pirelli "things that have no basis in reality": this is how Marco Tronchetti Provera, president of Camfin and Pirelli, responded to the remarks expressed in the meeting by the representative of the Malacalza family.
The Malacalzas announce their vote against the Camfin 2012 financial statements and dispute the revaluation of the stake held in Pirelli, equal to around 26%, because it is considered 'imprudent and risky'.
The Camfin group closed the first quarter of 2013 with a positive consolidated net result of 12,1 million euros, down on the 22,1 million euros of the corresponding period of 2012.
The offer could come from investors such as Clessidra, Intesa Sanpaolo and Unicredit and could open the door to delisting for the holding company - Pirelli shares are bad in Piazza Affari.
Yesterday the Board approved the 2012 draft budget, which recorded a net profit of 70,1 million, up 28,9% compared to 54,4 million in 2011 - The Malacalza vote against fuels the stock's speculative appeal .
The 2012 financial statements of the Camfin group close with a consolidated profit of 70,1 million, up by +28,9 - 94,4 million in net income from equity investments - The board of directors voted against the approval of the financial statements, approved in any case by a majority ,…
The oil company again on the shields in Piazza Affari: according to the press, the subsidiary Pirelli (which instead yields -0,94%) could enter into a joint venture in the truck division.
There is talk of an offer from the sovereign fund of Qatar, which would be solicited by the first shareholder Marco Tronchetti Provera - Camfin would also have started negotiating with a Chinese partner for an industrial alliance that could also become financial.
The heir to the Mariani family speaks out, who in April took over 5% of the Tronchetti Provera family safe for 3,85 million euros: "I consider this investment in a long-term perspective".
The surprise agreement with Rottapharm and the Sigieri Diaz family changes the course of the Tronchetti team which could now find a compromise solution with the Malacalzas - The future of the negotiations with the private equity funds is uncertain…
Lucio and Luca Rovati's Rottapharm Madaus and Vittoria Pallavicini's Sigieri Diaz will obtain respectively 25% and 3% through a reserved capital increase of 40 million euro.
Consob communicates this by updating the previous 41,710% following the transfer of the controlling stake in Gpi (which holds 42,65% of Camfin) from Marco Tronchetti Provera & C SAPA to Marco Tronchetti Provera Partecipazioni.
The BoD also "took note of a communication received today from Malacalza Investimenti, with which it communicated the withdrawal from the Camfin shareholder agreement signed on 20 July 2010 between Gpi, Mtp Sapa and Malacalza Investimenti itself".
Contrasted session in the European stock exchanges, after the downgrade of Paris (which went almost unnoticed) and the slow start of the US Stock Exchange - Milan eventually loses 0,1% - Fiat collapses and the same script for Exor, but Fiat Industrial ensures…
This was announced by the same company belonging to the family of the Chairman of Pirelli, underlining that it "did its own what was declared on 6 November 2012 by Gruppo Partecipazioni Industriali, which rejected any objection by Malacalza Investimenti.
"The Latins used to say pacta servanda sunt: agreements must be respected and I have respected them for 50 years. I only deal with those who respect the agreements": this is how the Ligurian financier Vittorio Malacalza intervened on the developments in the Camfin case…
The market bets on the takeover bid on Camfin: The share of the listed safe of Pirelli gains more than 8% - The conclusion of the negotiations between Tronchetti Provera and the Clessidra and Investindustrial funds would be a matter of days - Claudio Sposito's private clients…
Lazard, Banca Leonardo and the most robust Italian private equity firms are in the running, from Investindustrial to Clessidra - The key could be a Gpi loan convertible into a listed security - Today, the first home-separate comparison with the group…
The Malacalza family disputes "the failure to comply with the shareholders' agreements" and requests "a compendium of Gpi assets" proportional to its share, including a stake of approximately 13% in Camfin (of which it already has 12% in its pocket) - Gpi and…
Not even the awarding of the Nobel Peace Prize to the EU galvanizes the European stock exchanges which collect another day of declines - Piazza Affari leaves 0,78% in the field - Saipem loses 5,5% - Stm which gains XNUMX% against the trend …
The placement of the 150 million euro Camfin bond convertible into Pirelli shares was concluded positively - But Piazza Affari remains uncertain, hostage to the great unresolved European dossiers, Greece and Spain - The EU Nobel Prize does not…
Lightning placement today with institutional investors of a 150 million five-year loan convertible into Pirelli with a coupon between 5 and 6 percent but Malacalza continues the legal battle - Piazza Affari begins the uncertain day -…
The board of directors on the controversial convertible bond was updated at 18 pm today to allow viewing of the complaint presented by the Malacalzas and councilor Castelli against the August resolutions on the issue - The board of statutory auditors confirms the correctness of the decision…
The most delicate moment in the story will be the meeting, scheduled between tomorrow and Wednesday, between Marco Tronchetti Provera and Vittorio Malacalza, after the breach in the Gpi, the safe that controls Camfin and Pirelli cascading.
During a brief meeting, the Gpi shareholders gave the board the go-ahead for the recapitalization of Camfin - Uncertainty over the position of the Malacalzas - The stock soars on the stock market.
Confirmed the rumors circulated over the weekend on the ongoing contacts between Marco Tronchetti Provera, chairman of the Board, and Andrea Bonomi, number one of the Investindustrial fund, who could acquire a stake in Camfin.
The shareholders' agreements do not hinder the bond convertible into Pirelli shares - This is the opinion of professor Franco Anelli who was asked for a pro veritate opinion - "It constitutes an executive act of the commitments undertaken by Camfin with the banks…
However, the general manager of Intesa Sanpaolo specifies that the last word will be up to the board of directors of the holding company, in which the clash between Tronchetti and Malacalza still holds the ground.
Waiting for today's decisions by the ECB directorate, which should give new life to markets and banks, has already caused the Btp-Bund spread to fall below 400bps - Milan starts well this morning - Meanwhile, prices are rising…
The expected boards of directors of Gpi (the financial company on which the Camfin and Pirelli galaxy depend) and of Mediobanca have concluded - Tronchetti asks, by majority, for an opinion on the bond convertible into Pirelli shares to meet the Camfin debt,…
European lists are recovering, after having noted with pleasure that the "safe haven" of Bunds has lost part of its appeal, a sign that appetite for risk is returning - German auctions collected less than the offer - A…
In anticipation of tomorrow's Draghi press conference, today is the big day for Mediobanca and Camfin for Italian finance: the bank led by Nagel is holding a board meeting to hear the CEO's reasons, while the face is awaited…
After the rally of the last few days, the shares of the holding company that controls Pirelli are targeted by profit-taking, which leads the stock to be suspended due to excessive downtrend.
The publishing group and the holding company that controls Pirelli, the two "cases" of the stock market summer, are both losing more than 10%, at the center of gusts of profits - Big coup, however, by Mediobanca, which is up sharply, on the eve of the Cod, after…
The shares of the holding company that controls Pirelli reached a new annual high at the start of the session - Equita Sim analysts continue to consider the eventuality of a takeover bid "improbable".
After a timid start, Piazza Affari marks a good rise - Vola Camfin, the holding company that controls Pirelli, at the center of the battle between Tronchetti Provera and the Malacalza family - Corre Campari, after the acquisition of a Jamaican rum producer…
The markets are waiting for the ECB's move on Thursday on the purchase of Spanish and Italian bonds - Milan uncertain at the start - Great maneuvers by eurozone diplomacy: tomorrow Hollande in Rome - Meanwhile gold is consolidating: +4,5 .XNUMX% in the last month -…
The market rewards the decision to issue bonds convertible into Pirelli shares for 150-200 million euros - The plan will be presented by Tronchetti Provera to the next board meeting on August 29 - Malacalza makes it clear that there is availability for…
The last row of the summer explodes surprisingly on the front of the holding company that controls Pirelli and Prelios: the axis between Marco Tronchetti Provera and the Malacalza family, partners in Camfin, crumbles - The honeymoon was interrupted in July: apple…
A "gift" to the markets from the Asian country: Premier Wen Jiabao said that there is room for new economic stimuli - The other emerging giant, Brazil, has already passed from words to deeds, announcing a package of interventions for …
The financial company could issue a bond convertible into Pirelli & C shares to refinance the 137,5 million euro debt maturing at the end of the year - The issue could also make it possible to support a possible recapitalization of the investee Proelios, which according to…
Pirelli's largest shareholder makes up the lion's share of the group's other industrial holdings. Profits soar compared to 1,6 million in the same period of 2010 - The stock ends higher at the end of the session…
