Juventus Approves Share Sale of 120 Million Euros

Juventus Football Club SpA (JUVE) approved a capital increase of 120 million euros, according to a statement through the Italian exchange today.

Exor SpA (EXO), its main shareholder, committed to buying its share of the offer as well as LAFICO’s rights. Exor gave Juventus a credit line of 70 million euros, it said. UniCredit SpA (UCG) will manage the share sale, according to the statement.

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