Cookie Policy

1. Definition of cookies

Cookies are small text files which are sent by websites and stored in users’ PCs, smartphones, laptops and tablets to be sent back to the same website during the users’ subsequent visit. Thanks to cookies, websites keep track of users’ actions and preferences (such as for instance login information, language, font size, other display settings etc.) so that users won’t have to select them again on their next visit to the site or when surfing between web pages. Therefore, cookies are used for IT authentication, session monitoring and storage of information on website users’ activities and may also contain a unique identification code to keep track of a user’s surfing activities for statistical or advertising purposes. While browsing, a user may receive on his/her computer cookies of other sites or web servers (third-party cookies). Such third parties have own personal data processing policies and privacy notices which are available on their respective sites, to which reference shall be made.

In some cases, cookies are technically required for a site to function, as some operations may not be performed without them.

There are different types of cookies, depending on their characteristics and functions, which are stored in users’ PCs, smartphones or tablets for different lengths of time: session cookies are automatically erased when the browser closes, whereas persistent cookies are written to disk until their expiration date.

Italian legislation does not always require users to express their consent to the use of cookies; in particular, no consent is necessary to install technical cookies, i.e. cookies used for the sole purpose of sending an email message or providing a service expressly requested by the user; in other words, these cookies are essential for the operation of websites or necessary to carry out activities requested by a user. The Italian Data Protection Authority (Garante per la protezione dei dati personali, in its document “Individuazione delle modalità semplificate per l’informativa e l’acquisizione del consenso per l’uso dei cookie” – identification of the simplified procedure for providing the privacy notice and for obtaining consent to the use of cookies – dated 8 May 2014, and it subsequent clarifications) specified that technical cookies include:

  • Technical cookies for statistical purposes, if used directly by the web manager to gather information on the number of users and their browsing habits;
  • Browsing or session cookies (for authentication purposes),
  • Functionality cookies, which improve users’ browsing experience by remembering some of their preferences and choices (e.g., language, products purchased).

Instead, content customisation cookies, which are used to profile users and send them ads in line with their browsing preferences, require users’ express prior consent.

2. Cookies used by the Site

Pirola Corporate Finance S.p.A.’s website (the “Site”) uses the following cookies:

i. Session cookies

The use of session cookies is strictly circumscribed to the transmission of session identifiers (web server generated random numbers), which are required for a secure and efficient surfing of the site. The session cookies used in this site do not rely on other IT techniques potentially harming confidentiality during browsing activities and do not allow the gathering of the user’s personal details. These cookies are processed electronically.

There are other technical cookies which are necessary for the proper operation of the website. Purpose of these cookies is to provide the services required by users and to grant them the best possible surfing experience. These cookies may not be disabled and their use does not involve the processing of personal data.

ii. Google Analytics Cookies

This website uses Google Analytics, a web analytics service provided by Google, Inc. («Google»). Google Analytics uses cookies (text files placed on your computer) to help the website analyse how users use the site. The information generated by the cookies about your use of the website (including your IP address) will be transmitted to and stored by Google on servers in the United States. Google (data controller) will use this information for the purpose of examining your use of the website, compiling reports on website activity for website operators and providing other services relating to website activity and Internet usage. Google may also transfer this information to third parties, if required by the law or if such third parties process the information on behalf of Google. Google will not associate your IP-address with any other data held by Google. You may refuse the use of cookies by selecting the appropriate settings on your browser, however please note that if you do this, you may not be able to use the full functionality of this website.

3. How do you disable cookies?

Most browsers allow you to refuse/accept cookies. For additional information on how to set your preferences for the use of cookies, please check the relevant instructions for the following browsers:

Internet Explorer

Google Analytics cookies may be disabled using the Google Analytics opt-out browser add-on, available for download from

For more details on the use of cookies, go to