The operation, carried out through JP Morgan Securities, is therefore limited to less than half of the 5% (50 shares) subject to over-allotment - Approximately 3,1% of Pirelli's share capital returns to Marco Polo International Italy.
The placement will be carried out through an offer of shares to the public in Italy and an institutional placement - Prospectus filed with Consob - The company is expected to make lock-up commitments - A dividend of up to 40% of the net result…
Marco Polo subscribes to a capital increase of Pirelli for 1,2 billion aimed at reducing the debt
From the Board of Directors green light to the essential lines of the refinancing plan for a maximum of 7 billion euros, equal to Pirelli's gross debt as of September 30, 2015 (2.666 million euros) plus the expected effects of the merger with Marco…
