Monday, May 30, 2016

India: “Finmeccanica in our black list” – BBC

The news comes shortly after the return of Italian marines Salvatore Girone Leonardo Finmeccanica (the new group’s name led by Mauro Moretti) is entering India’s blacklist, those of companies with which the country will not do business in the coming years. The procedure was initiated. The government in New Delhi has decided to cancel all contracts in progress by the great Italian group (47,000 employees) for equipment for its armed forces, an initiative that promises to be the inclusion of Finmeccanica in a blacklist. It is a reflection of the investigation for corruption linked to that more than 500 million for the supply of helicopters Agusta Westland Indian air force, which has swept the then top the group and the subsidiary, Giuseppe Orsi and Bruno Spagnolini.
He did know, in an interview with “Press Trust of India,” the minister Manohar Parrikar Defence, who stressed that the process of inclusion of Finmeccanica and its subsidiaries in the Indian black list “is already underway “and that this was communicated to the Ministry of Justice.

withdrawal

“Wherever there is an intention to purchase by Finmeccanica and its subsidiaries – explained the Indian minister – the corresponding” Requests to submit a proposal “(RFP) by India will be lifted. On this I am very clear. ” However, he concluded, “the regular maintenance and import of spare parts for the Defense of material already acquired will be maintained, and only the new acquisitions will be blocked.” The morning group meeting immediately convened a meeting to assess the situation. The share price fell: at 9 lost 0.9%, 0.7 to 13% with an overall index of the Stock Exchange (FTSE MIB), which gained 0.66%. In the last six months the decline of Finmeccanica stock in Piazza Affari was 21 percent.

the focus of Confindustria

in recent days had already emerged that New Delhi would have canceled the contract of 300 million for the torpedoes supplied to its Marina from Leonardo-controlled Finmeccanica. “If you and ‘blacklist for a specified number of years – said Parrikar – there will be’ no operation from the Ministry of Defense with the company ” for military supplies” for that number of years. ”
On cancellation of orders Finmeccanica has spoken in the early afternoon of Monday, also the president of Confindustria, Vincenzo Boccia: “We follow (the issue India, ed. ) along with Leonardo Finmeccanica carefully – has said -. Are matters of national interest. ”

May 30, 2016 (modified May 30, 2016 | 18:50)

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