Independent journal on economy and transport policy
13:14 GMT+1
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40% of Fincantieri will go up the market
the Italian government has introduced a privatization plan that indirectly regards eight society participated directly and from the State
November 22, 2013
The plan of privatizations of the Italian government, through which it is previewed to collect 10-12 billion euros in the course of the next year, regards eight society participated directly and indirectly from the State and previews the sale of quotas not control of the companies, unless for SACE, the society that guarantees the credits of the enterprises for the exports, and Great Spa Stations of the group Railroads of the State, for which previews a control from private part. In the directory, besides SACE and Great Stations, they figure the navalmeccanico group Fincantieri, the society of management and the oil group, air traffic control civil ENAV ENI let alone STM, holding active Italian-French in the field of the production of electronic members to semiconductors, CDP Nets, vehicle of investment of Bank of Deposits and Loans (CDP), and the gas pipeline TAG.
The program is introduced yesterday by the Prime Minister, Enrico Letta, with the minister of the Economy, Fabrizio Saccomanni, and to the undersecretary to the presidency, Filippo Patroni Griffi, to conclusion of the board meeting of the ministers. Read it has specified that half of the proceeds from the privatization procedure will go to reduce the national debt in the 2014 and other half, since draft of operations that interest Bank of Deposits and Loans within whose perimeter of consolidation falls back SACE, Fincantieri, CDP Nets, TAG and Great Stations, will go to recapitalization of same Cassa.
Minister Saccomanni has specified the entity of the quotas that will be yielded. Sul market will go 60% of SACE and Great stations. For Fincantieri and ENAV they will be pairs to 40% of the capital, while for CDP Nets it will be pairs to 50% and of ENI 3% will be yielded (33% about that the State will stop altogether for effect of the previewed operation of Buy-back deliberated from the oil group). For STM and TAG still they are not defined the quotas to market.
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