Football finance website Calcio e Finanza have revealed details of the Inter shareholders meeting that took place a few weeks back which saw the entry of LionRock Capital at the club ratified.

LionRock are unable to sell their investment in Inter to a third party for five years, unless they receive written consent from Inter’s majority shareholders Suning.

LionRock has also expressly and definitively renounced the possibility of exercising both the right of pre-emption and the right of co-sale, provided for by the Inter statute, in the event that the Suning decide to sell their shares. Suning too, in accordance with the provisions of the shareholders’ agreement, has renounced the right of first refusal in the event that LionRock, having obtained the aforementioned written consent, decide to sell up.

The report from Calcio e Finanza also provides the new by-laws agreed to at the meeting with regard to minority shareholders who hold more than a 10% stake in the club:

Capital increase (except for those required by Articles 2446 and 2447 of the Italian Civil Code);

– Issue of company shares, if the overall equity value of the company taken as reference in the resolution is less than 400,000,000 euros;

– Changes to the company by-laws;

– Changes to the rules relating to the size and operation of the board;

– Mergers, transformations, demergers, sales of business units of over € 50,000,000.

The post Further Details Of Last Month’s Inter Shareholders Meeting Revealed appeared first on Sempreinter.

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