Compagnie Industriali Riunite S.p.A.

Equities

CIR

IT0000080447

Delayed Borsa Italiana Other stock markets			5-day change	1st Jan Change
- ^EUR	-.--%		-47.70%	-45.68%

07-17	Mib down slightly; good purchases on A2A	AN
07-17	Stock markets little moved; boost on Saipem and Eni	AN

CIR Group : Cir: potential early redemption of bond 2004/2024

January 03, 2014 at 03:30 am

MarketScreener.com By

Cir: potential early redemption of bond 2004/2024

Milan, January 3 2014 - CIR S.p.A. informed the Trustee of the 2004/2024 Bond issued by the company on 16/12/2004 (ISIN XS0207766170), of which an amount of € 259 million is currently outstanding, to be ready to redeem the bond early if requested to do so by the same Trustee, in accordance with the terms and conditions of the bond. Such early redemption may be requested by the Trustee following the occurrence of an event of default under such terms and conditions as a result of the suspension by Sorgenia S.p.A. (a subsidiary of the Company) of payment of capital instalments and interest due under loans granted by several financial institutions.

Such event does not, however, affect CIR S.p.A.'s net financial position. Furthermore, even after an early redemption of the bond CIR S.p.A. would still have liquidity available at holding company level.

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Latest news about Compagnie Industriali Riunite S.p.A.

Mib down slightly; good purchases on A2A	07-17	AN
Stock markets little moved; boost on Saipem and Eni	07-17	AN
Passive futures; UK inflation stable in June	07-17	AN
Mib just below par; buying on FinecoBank	07-16	AN
CIR goes ahead with buybacks of its own ordinary shares	07-16	AN
CIR has purchased treasury shares for more than EUR950,000	07-09	AN
CIR has bought back its own ordinary shares for more than EUR980,000	07-01	AN
Indices down; German consumer sentiment falls	06-26	AN
Piazza Affari in green; Saipem tops on Mib.	06-26	AN
CIR, concluded the sale of a real estate complex to Merope	06-25	AN
CIR bought back own shares for approximately EUR648,000	06-24	AN
CIR buys back 1 million of its own ordinary shares	06-18	AN
CIR goes ahead with buybacks of its own ordinary shares	06-10	AN
CIR bought back own shares for EUR197,000 approx.	06-03	AN
CIR goes ahead with share buyback plan	05-27	AN
CIR bought back own shares for EUR459,000	05-20	AN
CIR has purchased more than 235,000 of its own ordinary shares	05-06	AN
CIR, shareholders' meeting authorizes buyback of up to 208 million shares	04-30	AN
CIR bought back own shares for EUR609,000 approx.	04-22	AN
CIR goes ahead with buybacks of its own ordinary shares	04-15	AN
CIR buys back own ordinary shares for over EUR160,000	04-08	AN
CIR goes ahead with buybacks of its own ordinary shares	04-03	AN
CIR goes ahead with buybacks of its own ordinary shares	03-29	AN
CIR has purchased treasury shares for more than EUR610,000	03-25	AN
BlackRock and Capital Fund exceed 0.5 percent on TIM	03-21	AN

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Company Profile

CIR SpA Compagnie Industriali Riunite is an Italy-based company. The Company structures its business into five sectors: Energy, Media, Automotive Components, Healthcare and Non-core Investments. In the Energy sector, the Company is active in the generation of electrical power and distribution of natural gas. The Media sector is focused on publishing, radio, television and Internet portals operation. The Automotive Components sector is primarily engaged in the production of engine systems and suspension components. In the Healthcare sector, the Company is active in the operation of nursing homes and rehabilitation centers, as well as in the provision of hi-tech medical services, such as diagnostic imagining, nuclear medicine and radio therapy. In the Non-core Investments sector, the Company is involved in venture capital funds, private equity funds and other investments.

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