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Intesa Sanpaolo SpA, UniCredit SpA, Clessidra, Nuove Partecipazioni and NK Rosneft' OAO finalize Camfin transaction

Thursday, 10 Jul 2014 12:52pm EDT

Intesa Sanpaolo SpA:Says Intesa Sanpaolo (ISP), Unicredit (UC), Clessidra, Nuove Partecipazioni (NP) and Long-Term Investments Luxembourg, designated by NK Rosneft' OAO, finalize the Camfin transaction, relating to the acquisition of the 50 pct Camfin stake for 552.7 mln euros.Long-Term Investments Luxembourg purchased from Clessidra the entire share capital of Lauro 54 (owning a participation representing 24.06 pct of Lauro 61/Camfin share capital) and from each of ISP and UC a participation representing 12.97 pct of Lauro 61/Camfin.The shareholders' meeting of Lauro 61 and Camfin resolved upon the partial and non-proportional demerger from Camfin of the assets and liabilities not related to the Pirelli equity stake.Resolved also upon the merger by incorporation of Lauro 61 into Camfin.Says, as a result of the above acquisitions, Long-Term Investments Luxembourg has become the indirect holder (through Lauro 54 and Lauro 61) of 50 pct of Camfin share capital.The remaining 50 pct of Camfin share capital is owned by NP, ISP and UC.NP, ISP and UC have entered into a shareholders’ agreement with respect to the equity stakes held by each of them in Lauro 61/Camfin (38.78, 5.61 and 5.61 pct, respectively), corresponding to 50 pct of Camfin share capital.Says NP, ISP and UC will contribute their stakes into a newco (COINV SpA), which will become the owner of 50 pct of Camfin share capital.COINV will be owned by NP for 76 pct and by each of ISP and UC for 12 pct.

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