Coin, capital increase of 33.2 million subscribed and paid up
The shareholders' meeting appointed the new board of directors and confirmed Matteo Cosmi as CEO
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Key points
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"A fundamental step for the capital strengthening of the Company and the positive conclusion of the restructuring phase". Thus, in a note issued today, 3 September, Coin Spa - the company at the helm of the largest chain of department stores in Italy - announces that the capital increase to conclude the restructuring process has been subscribed and paid up.
Mia S.r.l. participated in the capital increase for a total of EUR 33.2 million, holding company of the Exelite group in the amount of EUR 10,750.000; Invitalia, the National Development Agency, through the Fondo Salvaguardia Imprese promoted by the Ministry of Enterprise and Made in Italy for the amount of 10 million; Sagitta SGR Spa, as the management company of the 'UTP Restructuring Corporate' Fund as direct and indirect shareholder through the SPV Project 2402 Srl, for the amount of 10.98 million; Joral Investments Srl for the amount of one million; Hi-Dec Edizioni S.r.l. for the amount of 500 thousand euro.
Appointments
The shareholders' meeting then appointed the company's new board of directors, comprising Roberto Rondelli, Marica Carraro, Matteo Cosmi, Ignazio Pellecchia, Tito Raccanello, Federico Sarti and Ermanno Sgaravato.
The board of directors in turn confirmed Matteo Cosmi as CEO of Coin Spa, emphasising the great work done by the manager during the company's restructuring phase. The chairman will instead be Roberto Rondelli, a director of Sagitta Sgr and since 2023 at the helm of the Europa Investimenti division (part of Arrow Global Group) that deals with the relaunch of industrial groups in temporary financial difficulty and previously a partner in Pillarstone (KKR), where he was a member of the Board of Directors and Investment Committee. He succeeds Andrea Gabola, who ends his mandate at the end of the Company's extraordinary management period. Finally, Marica Carraro was nominated as Vice-Chairman.
