Overview
- Investors approved an equity increase of up to €110 million with more than 95% support, and Tether indicated it will participate in line with its 11.5% stake.
- The board was refreshed with Exor’s slate confirmed and Tether’s Francesco Garino joining as a director, while Gianluca Ferrero was confirmed as president.
- Damien Comolli entered the board and is expected to be formally appointed CEO by the newly convened directors in the coming days, succeeding Maurizio Scanavino.
- Shareholders approved the 2024–25 accounts showing a net loss of about €58.1 million on €529.6 million in revenue, improving from a €199.2 million loss the previous year.
- Ferrero reported that a Rome prosecutor has requested the archiving of the 2022 false‑communications investigation, reducing an outstanding legal concern.