Vola Zucchi in Piazza Affari, thanks to the effectiveness of the debt restructuring agreement, which dates back to yesterday. In the early afternoon, the stock was stopped in the volatility auction with a theoretical increase of 23,64% to 0,0272 euro, only to then return to trading and gain more than 17%, around 16pm.
Yesterday, Wednesday 18 May, in the evening in a note, the company communicated that the Agent Bank confirmed that it had received and verified "all the documentation useful for satisfying the conditions precedent set forth in the debt restructuring agreement, signed with the lending banks last December 23, 2015”. Thus, “the date of May 18, 2016 represents the effective date of the agreement from which the provisions contained therein will fully apply".
The company, which in the last 12 months has lost half of its value on the Stock Exchange, is now trying to restart after having recently passed into French hands: Juventus and national team goalkeeper Gianluigi Buffon, who until now controlled Zucchi with over 56% of shares, sold the majority stake (50,083%) to transalpine investment fund Astrance.
