Snam: agreement with Seat on sustainable mobility
The company led by Marco Alverà aims together with Seat to encourage the use of natural gas (Cng) and renewable gas (biomethane), thus promoting the development of sustainable mobility
Seat Pagine Gialle: the company-union clash is more bitter
The digital transformation of the former Pagine Gialle after the purchase of Italiaonline leads to a large number of redundancies - With the mediation of Minister Calenda, outgoings could be halved to 200 units, but workers contest courses and transfers - Wednesday…
Seat: overcoming the old Yellow Pages in order to grow
Wednesday 11 April key meeting at the Mise between the top management of Italiaonline (which last year incorporated the old Seat-Pagine Gialle) and the unions on the industrial restructuring plan on which the company's future depends: the postponement would cause…
Seat collapses on the stock market after the announcement of the Sawiris takeover bid
Seat opens sharply down (-6,83%) after the announcement of the integration with Italiaonline - Two-stage operation with mandatory takeover bid - Operators bet on a relaunch of the offer
Stock exchange, Seat PG recovers and finds an agreement with the former manager
From the former CEO Luca Majocchi to prominent names such as Gian Maria Gros Pietro, the directors in office in past managements were initially asked for 1,5 billion in damages - Today the stock recovers on the Stock Exchange after -89%…
Stock Exchange: Seat Pagine Gialle collapses after the capital increase
The maxi capital increase that reconfigured the company's shareholding structure caused the collapse of the shares of Seat Pagine Gialle in Piazza Affari.
Seat Pagine Gialle: binding proposal received from D.Holding
The Turin-based company has received a binding expression of interest from D.Holding for an integration with DMail - The offer would change Seat Pagine Gialle's composition proposals.
Seat Pagine Gialle: red 2013 drops to 347,6 million
As for revenues, they amounted to 475,1 million euros, down by 24,2% compared to 2012 - EBITDA reached 132,2 million, against 159,3 million in 2012 restated ( 291,5 million) - The margins…
Seat Pagine Gialle, the shareholders say yes to the measures for the arrangement with creditors
The proposal for the adoption of instrumental and preparatory measures for the arrangement with creditors was voted by a large majority by the shareholders' meeting - The operations will only go through if the Court of Turin gives the ok for the approval of the arrangements and…
Seat Pg: the extraordinary assembly constituted, the title goes back
The extraordinary shareholders' meeting of the group, called to approve the restructuring proposal in compliance with the arrangement with creditors, was validly constituted - 36,7% of the capital was present - The stock is running on the stock market, after yesterday's collapse.
Moody's downgrades Seat Pagine Gialle to C and withdraws all ratings
Moody's downgraded Seat Pagine Gialle's rating from Ca to C and announced that it will withdraw all ratings on the company - The downgrade to C reflects the agency's thinking: in view of the bad performance…
Consob, Black List companies are growing: Seat Pagine Gialle's debt is worrying
The list of companies required to provide monthly updates on their economic and financial situation is growing: there are now 35 - Seat Pagine Gialle worries, while Tiscali's position is improving.
Seat Pagine Gialle, Court of Turin: ok composition with creditors
The creditors' meetings have been set for January 30, 2014 - Giovanna Dominici appointed managing judge, Enrico Laghi judicial commissioner - Seat stock soars on the stock market.
Seat Pg, composition with creditors ready
The document will be presented to the next Board of Directors together with the 2013-2018 industrial plan - The objective of the plan is to reduce current debt up to 400 million, through the use of available liquidity and the disposal of assets such as Telegate.
Stock market, who wins and who loses in the first quarter of 2013
Dmail Group records the best increase in the first three months of the year - The black jersey goes instead to Seat Pagine Gialle, which pays, with a 63% reduction, the state of instability and substantial insolvency to which the company is…
Restless markets: stock exchanges, gold and sterling fall but Gemina resp. Seat and TIMedia
Restless markets awaiting the Fed's minutes - Piazza Affari down like all European stock exchanges: it lost 0,8% - Gold and sterling are in trouble again - Mediaset, Telecom Italia and banks are down on the Stock Exchange…
Seat Pagine Gialle, 120 days for the arrangement with creditors
The Court of Turin granted Seat Pagine Gialle 120 days to allow the company to present the composition with creditors proposal.
Eni, Saipem, Mps, Seat: how the Stock Exchange responds to scandals, investigations, controversies and surprises
Between Eni, Saipem, Mps and Seat, the market is dominated by scandals, judicial inquiries, controversies and surprises but the answer is not always the same: apart from the case of Seat which makes history in itself, the Stock Exchange is rewarding…
Spread in tension, the Seat case breaks out in Piazza Affari
While the Ftse Mib tries to rebound, the Seat Pagine Gialle share sinks by 40%, almost canceling its value - The company has announced that it will not pay bonds and bank debts: an arrangement with creditors has been requested - Mps recovers, well…
Seat PG: too many debts, the Board asks for composition with creditors
The "level of financial debt is not sustainable in the future and which, moreover, represents an obstacle for interventions aimed at industrial development" - The Board of Directors of Seat Pagine Gialle has also decided not to pay the interest installment due…
Seat Pg: after the stock market crash, Moody's cuts its rating
The rating agency cut the rating on Seat Pagine Gialle, lowering it to "Caa3" - The same fate for the rating on bonds maturing in 2017 - In Piazza Affari the stock continues to fall.
Seat, rebound after the abyss. Consob prohibits short selling
Minimum minimum recovery for the Seat share today in Piazza Affari - Yesterday the shares had lost 41% after the decision to suspend the coupon, a slip that led Consob to ban sales for today…
Seat Pg: stop the coupon, the title collapses
After the suspension due to excessive downtrend, the Seat Pagine Gialle share continues to fall in Piazza Affari - The company's shares are pushed down by the decision to suspend payment of the six-monthly coupon expiring on 31…
Seat Pg, debt restructuring completed
The Group has concluded the refinancing operations of the exposure deriving from the Senior Facilities Agreement, signed in 2005 - In addition, Seat Pg has ordered the payment of the interest due in relation to two bonds maturing in 2017.
Seat Pagine Gialle, loss of 26,8 million in the first half
But revenues are positive for 451,4 million - EBITDA amounted to 163,7 million, up 9,1% compared to the same period of 2011 - Worse results are expected for the second part of the year -…
The disappointing home sales in the US slow down but do not extinguish the rebound in Piazza Affari (+1,17%)
Finally some light on Italy - The stock market closes up by 1,17% despite the slowdown in US home sales - The spread falls to 518bp - Euro stronger against the dollar - Oil down - Weighing…
De Lillo (Pdl) promotes class action against Seat Pagine Gialle
A hundred small shareholders promoted it - Accused of a leverage buyout operation that would have caused the shares to lose value with heavy losses - Interpellation in the Senate.
Seat Pg, ok to merge with Lighthouse
Between September and October Lighthouse should buy about 88% of the company - The remaining capital will be divided into 5,9% of the historic funds that hold Seat and 6,1% of the free float.
Seat Pagine Gialle forecasts profit in 2014 and goes up on the Stock Exchange, +4,12%
At the Seat Pagine Gialle shareholders' meeting, forecasts were drawn up on the company's prospects: the goal, deemed possible, is to close 2013 with a breakeven and 2014 with a profit 4,12 euros per share…
Seat, Geveran and Barclays funds: still doubts about the restructuring
Despite the green light from the bondholders and the banks for the restructuring, Geveran Investmets and Barclays (holders of 5% and 6% of the debt) ask for clarifications on the possible fiscal and legal consequences of the operation.
Seat Pg: creditors say yes to bailout
Memberships of senior secured bondholders have clearly exceeded the 75% threshold
Stock markets recover: Greece is less scared
The puzzle of the Greek swap raises the risk of default: tomorrow the terms for private investors to join expire - But after Black Tuesday, Piazza Affari and the European stock exchanges recover - The Btp-Bund spread rises to 330bp…
Stock exchange: Seat collapses after Barclays' no
Title in deep red in Piazza Affari after the English Bank's resounding no to the debt restructuring plan - Today the latest last-minute negotiations.
Seat-Pagine Gialle, ok with the restructuring plan. The stock soars on the Stock Exchange: +20%
Stock jumps 20% after being suspended for overshooting - The firm said the plan won full support from the Senior Secured Bondholders' Committee, the Lighthouse Bondholders' Committee and the…
Stock market, Seat flies after debt agreement
Seat Pagine Gialle shares jump by over 18% - Shareholders and bondholders have given the green light to the company's restructuring plan.
Seat Pg, postponement of deadlines for debt agreement
The company's board has established that the date by which creditors will have to accept the debt restructuring proposal to be awarded a higher fee is March 2 - Final deadline extended from February 28 to 7…
In February, a trillion euro from the ECB to the banks that shine on the stock market and drag the lists
Piazza Affari slows down in the final (+0,48%) but closes positively on the wings of the banks - Unicredit the best - The Axa hypothesis relaunches the Fonsai share - Seat goes up on the debt restructuring - Benetton towards farewell to the Stock Exchange …
Seat Pagine Gialle: the BoD formulates a final restructuring proposal, expiring on February 28th
In a statement released today, the Board of Directors of Seat Pagine Gialle announced that it had put pen to paper the proposal to restructure the company's debt and save it from bankruptcy - The deadline for acceptance is…
Seat Pagine Gialle: shares soar at +15,82%. Waiting for the rearrangement.
Yet another rise for the SeatPG share to +15,82%, after the 24% rise recorded yesterday - Awaiting the corporate reorganization and debt restructuring - A decisive day on the board front.
Seat Pagine Gialle: nothing done in the Board of Directors on the restructuring, everything postponed to January 30th
Black smoke in the Board of Directors on the reorganization of the Turin group, decision postponed to January 30 - Without the agreement, bankruptcy proceedings go ahead
Stock Exchange, Seat Pg has almost zeroed its value
The company's shares are trading at just over two cents - The latest collapse is linked to the announcement that arrived yesterday, when the company explained that it will not pay the repayment installment and the interest portion of the senior debt…
Seat PG, Moody's cuts the rating of the Lighthouse bond
The rating agency downgraded the score of Seat Pagine Gialle's Lighthouse senior bond from Ca to C. The decision is due to non-payment of interest. The outlook remains negative
Seat Pg, from bondholders ok to debt restructuring
Green light to the agreement from the Lighthouse special committee, Permira Funds and Alfieri Associated Investors - The Board of Directors meets today to decide on the payment of the coupon which expired last month.
Seat: tomorrow the Board of Directors crucial for reorganization
Seat's Board of Directors will meet tomorrow morning and will have to decide whether or not to repay the 52 million coupon of the Lighthouse bonds maturing at the end of the month: if the Board decides not to repay the bond, the…
From Seat PG to Ferretti, all the pieces of creative finance
Banks, private equity and hedge funds at the origin of the crisis of Seat Pagine Gialle, Cantieri Ferretti and Arena. Three thorny cases that are at great risk in recent weeks, due to creative finance. Seat with the texture of Lighthouse, Ferretti bonds…
Seat, the stumbling block of the share-bond swap remains. And private individuals criticize the path chosen by the Board
The company, despite a cash flow in the order of 4-500 million, risks going into default - The top management of the company have carried on (successfully) the negotiations with the creditor banks and the bondholders, but the shareholders complain that they are remained…
Seat Pg (+7%) at the final squeeze
The company's stock rebounds in Piazza Affari: the negotiations are in the final stages and the little ones are hoping to save what can be saved (98% lost in 8 years) - Between tomorrow and the day after tomorrow an almost decisive meeting will be held for…
Seat PG: agreement signed with Glamoo for mobile couponing, the share soars on the stock exchange (+12%)
The company has launched a partnership to activate a new commercial service: the sending of promotional vouchers to mobile phones - The agreement also provides for a purchase option on Glamoo within a year from today - Glory day…
The bailout plans of the European banks are calming the markets
Lists across Europe are teetering on the brink this morning - London allocates 75 billion pounds for the economy - The ECB decides by majority vote not to cut rates but restarts the purchase of bonds and activates liquidity for…
Seat PG, negotiations for an increase from 300 million
The publishing company also aims to convert the one billion bond loan issued in favor of investment funds into securities - The Board has entrusted the negotiations to the managing director Alberto Cappellini - The goal is to close the…
Seat Pagine Gialle: loss of 32,6 million in the first half
The Group recorded an Ebitda of 150,2 million and a net debt of 2,68 billion. For 2011, Seat expects a reduction in revenues in Italy of between 5 and 7%.
Stock Exchange: Seat Pagine Gialle soars, half-year expectations and debt restructuring
After having achieved gains of more than 11% in the morning, the stock stands at a less resounding +6% in the middle of the day, however sufficient to guide the increases in Milan.