Camfin gains right to buy up to 15% of Pirelli shares

27th September 2019 | 0 Comments
 
Camfin gains right to buy up to 15% of Pirelli shares
Pirelli shareholder Camfin now has the right to buy up to 15 per cent of Pirelli shares. Diagram: Pirelli

Pirelli shareholder Camfin now has the right to buy up to 15 per cent of Pirelli shares. The news came when Camfin announced on 26 September that it had underwritten “an additional financial instrument, maturing in September 2022, denominated ‘Call Spread’ with 8.9 million Pirelli shares underlying”. Call Spread’s shareholding equates to 0.89% of Pirelli’s share capital.

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