->
“By the weekend closes. There are still some steps to take. ” This declaration of the dry Marco Tronchetti Provera in the hours when you are defining the nth shareholders of Pirelli that after the interlude Genoese and the Russian is preparing to become Chinese. The former president of Telecom Italy , which as in previous steps had already been guaranteed the maintenance of the farm manager’s chair until 2021, spoke exit from the place of Camfin , the box which controls the company of tires with Intesa Sanpaolo and Unicredit as well as the Russians to Rosneft . Pirelli will be Italian? “As long as there will be no press can not say anything,” he said.
The fact is that on the table there is the green party, expected by the hour, the agreement for the reorganization through a takeover bid that values Pirelli 7.15 billion of euro (15 euro per share) will take control of Bicocca in the hands of China National Chemical Corporation , also known as ChemChina , that is the largest state-owned chemical company under the control of Shashak (State-owned Assets Supervision and Administration Commission). Among the subsidiaries counts Aeolus Tyre, in the top 20 tire manufacturers in the world with a production of about 5.5 million tires per year. And, according to what has emerged in recent days, would enter the Italian group through a newly formed company in which Tronchetti and members would bring their 26% of Bicocca that the price set is worth 1.87 billion euro . Following the launch of the tender offer for 100 percent of the capital. The market, however, seems to have considered the price too low, given that in the wake of the news Pirelli Friday arrived over the price of the offer is expected but not yet formalized, closing at 15.23 euro.
official, in any case, for now is that Pirelli Friday morning said “it was not until today addressee of any formal communication about the launch of takeover bids,” while Camfin says that “negotiations are in progress “and that the goal is” to ensure stability, autonomy and continuity in the growth over time of the Pirelli group that would maintain the headquarters in Italy. ” In addition to let people know exactly that the operation would lead to “the transfer of the entire stake held by Camfin (approximately 26.2%) at a price of EUR 15 per share in an Italian company newly established subsidiary of the international industrial partners with a contextual reinvestment of Camfin in that company. ” Moreover, “if finalized the transfer, the tender offer would be launched for all the shares of Pirelli at the same price of 15 euro per share.”
This would be an operation that marks a change of step in the advance of the Chinese capital to Italy, which so far have gone to minority stakes in large groups as in the case of Ansaldo Energia, Cdp Networks, Enel, Eni, Fiat, Saipem, Mediobanca, Generali, Telecom, Prysmian, or in companies of smaller size as the group nautical Ferretti or mark Krizia. As Italianness, and Pirelli has long been very limited, not only for the recent entry of the Russians Rosneft as shareholders, but also for the production which sees the presence of only two plants in the Peninsula of 19. In any case, for Deputy Minister of Economic Development, Claudio De Vincenti , what confuses Eni and Enel, “the important thing is that Pirelli remains a large company rooted in our country’s competitiveness in the developing world. If that goes in this direction now is premature to say so, we’ll see. ” On the other hand it was the prime minister, Matteo Renzi , on the occasion of his visit to Beijing last June to invoke “the strongest investment” Chinese in Italy, confirming the line for the government on arrival of foreign capital in our economic system.
->
No comments:
Post a Comment