COMPANY PROFILE

Italmobiliare was created in 1946 by Italcementi S.p.A. with the aim of  diversifying company activity. In the early years Italmobiliare acquired controling interests in banks (Banca Provinciale Lombarda, Credito Commerciale) and insurance companies (RAS), subsequently sold off between 1970 and 1980, as well as in publishing and non-urban public transport.

In 1952 Italmobiliare acquired a holding in the electromechanical engineering company Franco Tosi, gaining a controling interest in 1968.

Between 1962 and 1965 the Company acquired eight banks which were then merged to form the Credito di Venezia e del Rio della Plata and subsequently given the name Istituto Bancario Italiano; this was sold in 1982.

Over the years substantial minority interests were acquired in the companies Falck and Bastogi, with the latter investment being disposed of in 1986.

In 1979 the Company took over the majority of ordinary shares in Italcementi, following distribution by Italcementi of the Italmobiliare shares to its shareholders, thereby becoming the holding company for the entire Group.

Between 1988 and 1990, in the context of an agreement with the Monti Group involving the disposal of l’Editrice Romana (publisher of the daily newspaper Il Tempo) and Società Tipografica Tiburtina, a minority shareholding in Poligrafici Editoriale was acquired.

In 1990 the Franco Tosi Group sold its industrial arm to the ABB Asea Brown Boveri Group, reinvesting part of its assets in the sectors of food packaging and insulation (Sirap Gema), full-cycle water and gas distribution (Crea) and banking (UniCredito Italiano).

In 1997 Franco Tosi was incorporated into Italmobiliare, following the successful outcome of a public takeover bid.

In the course of 2002 the principal financial transaction was the sale of the entire share capital of SAB Autoservizi to the UK group Arriva. In the same year the Company sold its 29% holding in Sigesa, thus withdrawing from the water sector.

In 2003, through its subsidiary Sirap Gema, Italmobiliare bought Petruzalek, a company distributing products and machinery for fresh food packaging in Austria and the main Eastern European countries.

In 2004, Italmobiliare bought from Gemina approximately 10,5 million shares in Rcs MediaGroup. All the shares have been contributed to the Patto di sindacato di Blocco e Consultazione (union Agreement for Veto and Consultation) of Rcs MediaGroup.

At the end of 2005, Italmobiliare Group found an agreement for the complete transfer of its stake in Gemina to some members of the trade union Agreement of the company. Previously, it sold out in the market a part of its stake in Poligrafici Editoriale. The following year it disposed of the remainder of its shareholding.

During 2006, the Group strengthened its industrial position in the food packaging business with the acquisition of Amprica Group (food rigid plastic containers) operating not only in Italy but also in some countries in the middle-east of Europe. Last year, with regard to the finance sector, Italmobiliare entered the capital of Capitalia (as a result of an exchange of shares in MCC and purchase of bonds) and of the newly-set up Banca Leonardo. As part of a restructuring process of the mission of its associate companies, in June last year, the shareholdings subject to trade union Agreements held by the other holding companies of the Group in Mediobanca, RcsMediagroup, Capitalia and Gim (later on merged in Intek) were sold to Franco Tosi.

In 2010 Italmobiliare incorporated its subsidiary financing companies Franco Tosi S.r.l. and Sance S.r.l. with the aim of improving the Group’s administrative and financial efficiency.

At the end of 2010 Italmobiliare purchased Italcementi’s 1.405% share in Mediobanca and its 2.332% share in RCS MediaGroup, so that Italimobiliare now owns all the company’s shares in these two companies, equal to 2.62% and 7.46%.

This operation is part of a strategy of simplification and rationalisation of the Group’s structure to allow Italcementi to focus on its core business of construction materials while Italmobiliare manages shareholdings.

The subsidiaries of Italmobiliare Spa are involved in various activities in Italy and abroad mainly in the industrial, the financial and the banking sectors.
The major industrial interest of Italmobiliare is Italcementi Spa, the parent company of a world leading business in the sector of construction materials (cement, RMC and aggregates).
In addition, Italmobiliare, through Sirap Gema – 100% owned, is also present in the food packaging and in the thermal insulation business.
In the financial sector, Italmobiliare operates through three major subsidiaries (namely Italmobiliare International Finance Ltd., Fincomind S.A. and Société de Participation Financière Italmobiliare S.A.).
At the moment , among the most significant investments in companies listed on the Milan Stock Exchange, it holds substantial shareholdings in Unicredito Italiano, Mediobanca, UBI banca, RCS MediaGroup, Mittel, Intek.