PIRELLI & C.: SHAREHOLDERS’ AGREEMENT RENEWED
The major shareholders of Pirelli & C confirm their commitment by renewing the Block Syndicate agreement that represents 46.22% of Pirelli & C ordinary shares.
The Block Syndicate was created in 1986, with the aim of assuring share structure stability and a single approach to management of the company.
There are nine members of the syndicate, all primary Italian financial and industrial institutions: from Camfin (20.32% of P&C) to Mediobanca and Edizione srl (with 4.61% each), to Fondiaria SAI (4.42%), Allianz and Assicurazioni Generali (4.41%), Intesa SanPaolo (1.62%), Massimo Moratti (1.19%), Sinpar (0.63%).
The agreement has been renewed until 15 April 2013, and may be extended three year periods, unless members exercise their right of withdrawal.
