Piazza Affari is at its highest values ​​since 2008, almost 21,400 points. Milan is the best among the main European stock exchanges, +0.77%. 

The focus today is on Saras and Tod's. In both cases, an exit from the stock market is in sight but these are different situations. 

For Saras, the Moratti family has confirmed the sale of their shares in the company that owns the Sarroch refinery, in the province of Cagliari. The family has 40% through three companies. For the first 5% of Angel Capital of Angelo Moratti, son of Gian Marco, there was a mandate to Bank of America for placement on the market through a funded collar derivative contract. For this share, Angel Capital Management undertakes to sell to Vitol what could return to its possession on the basis of the signed contract. The remaining 35% is sold immediately. The company is valued at 1.7 billion euros, the Moratti family would receive 595 million. 

The buyer is the Dutch Swiss group Vitol. The price offered is 1.75 euros per share, 30% higher than the weighted average value of the stock in the 12 months preceding February 6. On Friday the stock rose above that value, today it drops and returns to around 1.70 euros.

Another story of the day: Tod's. The Della Valle family remains as major shareholder. But the L Catterton fund enters the shareholder structure, which among other brands has invested in Etro and Birkenstock, led by Michael Chu. It will have 36% of the capital. The Della Valles will drop from 64.5 to 54%. While Delphine, a holding company owned by the French luxury group LVMH, would remain with 10%. Price offered: 43 euros per share. The stock today aligns with that value, +17%.