agreements signed on June 1st and June 28th 2007, with PFC S.r.l. and Veninvest S.r.l. and with G.D.D.R. S.r.l. respectively.
Thereafter, R&B will hold a total stake of approximately 60.20% of VFG's share capital. In addition, R&B, having subscribed the bond issued by Tidus and convertible - from December 2007, at the sole discretion of the bondholder - into ordinary VFG shares representing 12.4% of the capital of the same company, may further increase its stake in VFG upon exercise of such right of conversion.
In addition, R&B has launched a voluntary public offer on all VFG ordinary shares, other than the shares it already owns. The public offer started on July 23 and will finish on September 7, 2007.