Ray Way, the sale of the shares by Viale Mazzini is postponed to September | EUROtoday

Get real time updates directly on you device, subscribe now.

The sale of Rai Way shares might be mentioned once more in September. And it is not going to be about 15% exceeding the 50% owned by Rai. It mustn’t transcend a sale of 10%, with the intention of bringing house one thing like 130 million euros.

The towers in Rai board of administrators

This is, so far as we all know Sun 24 Hoursone of many factors that emerged yesterday from the Rai board assembly that among the many matters on the desk additionally had the problem of the sale of shares of the towerco within the palms of Rai. This operation, which from December onwards has been the topic of strain in the other way from Rai Way's shareholder funds which have at all times branded this sale as harmful and able to hindering the wedding, as a substitute hoped for, with the opposite participant of the broadcasting towers in Italy: Ei Towers managed by F2i (60%) and 40% owned by the Mediaset group.

The spinta to the wedding with Ei Towers

But now the Dpcm has modified the scene, successfully giving the political imprimatur to the operation now thought of a precedence, underlining the likelihood, already foreseen by the earlier Dpcm issued with the Draghi authorities, for Rai, which at the moment owns 65% of the capital of the corporate led by Roberto Cecatto, to cut back its participation. However, as could be learn within the textual content of the identical Dpcm, all this by privileging “operations that are functional to ensuring the aggregation between subjects in the same sector”, specifically Ei Towers. Any operations for the sale of minority packages by Rai (assisted on this course of by Lazard, whereas Citi helps Rai Way), it’s reiterated, also can happen “only if consistent and compatible with the purposes set out in the previous period”.

Rai's transfer from Viale Mazzini

In addition to the Rai Way situation, the Rai Board of Directors accepted the preliminary contract for the rental of the property in Via Alessandro Severo in Rome, which can home the headquarters within the second half of 2025, given the renovation work on Viale Mazzini. A rental contract which, in accordance with the Sun 24 Hoursis 9+6 with 27,500 euros for the primary six years.

Find out more
Find out more

The begin of the 300 million bond

Meanwhile, Rai, which has recorded a rise in promoting and rising audiences, additionally for Euro2024, is getting ready to launch, maybe as early as this week, a 300 million bond, already accepted, which can enable the refinancing of the bond maturing on December 4th. The scheme includes UniCredit and Citi as arrangers. The anticipated ultimate value must be round 4-4.2%. The first helpful window was scheduled for mid-June for an execution of a couple of month. The market pattern within the final interval, nevertheless, would have invited taking time.

https://www.ilsole24ore.com/art/ray-way-slitta-settembre-cessione-quote-parte-viale-mazzini-AFOMnpEC