CIR: completes its exit from Sorgenia

Milan, March 27 2015 – CIR‐Compagnie Industriali Riunite S.p.A. announces that today, implementing what is stipulated in the agreements signed, the lending banks of Sorgenia have subscribed to a capital increase of approximately 400 million euro in the energy company and to a convertible loan of approximately 200 million euro through the conversion of receivables.

At the same time, as stipulated, CIR has transferred to the same banks the entire interest that it held indirectly in Sorgenia. The CIR group thus no longer owns any shares in the energy company. Today’s transaction, as is known, has no impact on the financial statements of CIR, which wrote off the entire interest in Sorgenia in financial year 2013.

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