The stock of Juventus collapsed on the stock exchange during the morning after the Board of Directors set the conditions for a 400 million euro capital increase. The stock opened this morning with a net -11% and then settled at around -9.48%. The offer of the option of the new shares will start on 29 November and the newly issued ordinary shares will be 1,197,226,782. The shares will be offered 9 new shares for every 10 already owned, at a price of 0.334 euros each. Exor, a holding company owned by the Agnelli family which holds 63.8% of the club’s share capital, has already committed to subscribe its entitlement for a value of 255 million euros. The board of directors has signed a guarantee agreement with Goldman Sachs, JP Morgan, Mediobanca and Unicredit Corporate, who have undertaken to subscribe any new shares that may have remained unexercised for a maximum of 144.9 million euros, or the difference between the total value and the share due to Exor. To report it is the site of Corriere della Sera.
– .
