The Limited Times

Atlantia, the Tci fund exceeds 10% ahead of the shareholders' meeting

10/22/2020, 3:55:03 PM


The TCI fund, one of the fiercest critics of the positions taken by the Italian government against Atlantia, has an aggregate stake in the Benetton family holding of more than 10% of the capital. (HANDLE)

(ANSA) - MILAN, OCTOBER 22 - The TCI fund, one of the most fierce critics of the positions taken by the Italian government against Atlantia, has an aggregate stake in the Benetton family holding greater than 10% of the capital.


   Only 1.2% of the stake is linked to voting rights attributable to shares while the remainder, equal to 8.83%, is represented by long positions, in the form of equity swaps, currently without voting rights. The first, which is also the largest (8.156%) expires on August 5, the second (0.485%) expires on September 22, 2021 while the third (0.194%) expires on September 14, 2022. In the last few days, the rumor that Tci had increased its weight in Atlantia in view of the meeting of 30 October, so as to make its voice heard better in the event that the proposal of CDP for Aspi was unsatisfactory. (HANDLE).