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.

To contact the editor responsible for this story: Marco Bertacche at mbertacche@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.