Refocus of investments ongoing with simplification of control chain in TIPO
In mid-January, Tamburi sold its 3.729% stake of Prysmian through the controlled holding company Clubtre for roughly EUR290m net cash, which should translate in a cash-in for Tamburi in the EUR148/181m range (minimum level with full reimbursement of EUR100m bank loan; maximum level with only EUR50m in loan reimbursement). Part of the proceeds should be used in the rights issue of OVS (EUR19m pro rata for Tamburi) and th ....
25 Feb 2021
After the portfolio reshuffle, the path ahead clears
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After the portfolio reshuffle, the path ahead clears
- Published:
25 Feb 2021 -
Author:
Baldelli Michele BM -
Pages:
8
Refocus of investments ongoing with simplification of control chain in TIPO
In mid-January, Tamburi sold its 3.729% stake of Prysmian through the controlled holding company Clubtre for roughly EUR290m net cash, which should translate in a cash-in for Tamburi in the EUR148/181m range (minimum level with full reimbursement of EUR100m bank loan; maximum level with only EUR50m in loan reimbursement). Part of the proceeds should be used in the rights issue of OVS (EUR19m pro rata for Tamburi) and th ....