Pirelli shareholder block evaluating early agreement dissolution
In a press statement dated 21 October, Pirelli & C. SpA shares that the leadership of its Shareholder Block Agreement met that day and decided, at the proposal of Marco Tronchetti Provera, to mandate Alessandro Pedersoli to launch consultations amongst all shareholders belonging to the Shareholder Block Agreement ahead of its expiry on 15 April 2014, with a view to evaluating the possibility of its early dissolution.
The Shareholder Block Agreement was last renewed in January 2013 and covers 216,541,863 shares, or 45.52 per cent of all Pirelli & C. SpA ordinary shares issued. The largest Agreement participant is Camfin SpA, which holds 44.64 per cent of the shares included in the Shareholder Block Agreement. Other participants are Mediobanca SpA and Edizione SpA (each with 10.2 per cent of shares), Fondiara – SAI SpA. (9.71 per cent), Allianz SpA. and Assicurazioni Generali SpA. (each 9.69 per cent), Intesa Sanpaolo SpA. (3.55 per cent), Sinpar SpA. (1.39 per cent) and Massimo Moratti (1.08 per cent).