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conferimento di delega

English translation: granting power

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:conferimento di delega
English translation:granting power
Entered by: Kelly O'Connor
Options:
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22:42 Jun 12, 2001
Italian to English translations [PRO]
Bus/Financial
Italian term or phrase: conferimento di delega
this is a report to the board of directors. It seems that this document is asking for this "conferimento di delega" to raise the share capital to buy equity investments elsewhere. The rest of the phrase goes: "delega al consiglio di amministrazione, ai sensi dell’art. 2443 del codice civile, di un aumento di capitale per un massimo **** da liberare con conferimento di azioni" Any suggestions?
Kelly O'Connor
United States
Local time: 07:48
granting of authority
Explanation:
grants the board of directors power, pursuant to article 2443 of the Civil Code, to increase the sahre capital up to a maximum of **** through the conferment (issue? / allotment?) of new shares"

Probably the increase in capital is required to buy equity in another company through a sort of share swap: the shareholders in target company will sell their shares to the buying company in return for shares in that same buying company. Where do the shares in the buying company come from? Through a a new issue of shares.
Selected response from:

Richard Boyce
Local time: 13:48
Grading comment
Hey, thanks for the very comprehensive answer to my query.

I'll use it!
4 KudoZ points were awarded for this answer

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Summary of answers provided
nagranting of authorityRichard Boyce
nagranting the Power of Attorney
Francesco D'Alessandro


  

Answers


1 hr
granting the Power of Attorney


Explanation:
but:

conferimento di azioni = allocation of shares

Francesco D'Alessandro
Spain
Local time: 12:48
Native speaker of: Native in ItalianItalian
PRO pts in pair: 1392
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2 hrs
granting of authority


Explanation:
grants the board of directors power, pursuant to article 2443 of the Civil Code, to increase the sahre capital up to a maximum of **** through the conferment (issue? / allotment?) of new shares"

Probably the increase in capital is required to buy equity in another company through a sort of share swap: the shareholders in target company will sell their shares to the buying company in return for shares in that same buying company. Where do the shares in the buying company come from? Through a a new issue of shares.

Richard Boyce
Local time: 13:48
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 307
Grading comment
Hey, thanks for the very comprehensive answer to my query.

I'll use it!

Peer comments on this answer (and responses from the answerer)
Gillian Hargreaves
49 mins
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