Comune Rome, Virginia Rays changes interlocutor for waste and water: less Caltagirone, more French in Acea – The Daily

It will not be easy for Virginia Rays change the rules in the Acea . From now on, the mayor of Rome will have to deal with French GDF-Suez become a cumbersome partner thanks to a surprise move to Francesco Gaetano Caltagirone . The manufacturer-Roman publisher will sell it to the good part Oltralpe group (10.8%) of the shares (15.8%) held in the subsidiary from the Capitol (51%). In return Caltagirone receive 3.5% of GDF-Suez in a deal worth 293 million euro.

The manufacturer-editor Capitoline will then become the third member of the French group, while gDF-Suez will be the first private shareholder of Roman society water and electricity with a 23.3 percent stake. “The transaction will be made through the issue of new shares (approximately 3.5% of the capital) in the context of the renegotiation of a long-term industrial cooperation project being finalized with Caltagirone”, explained sources Suez.

with this move, Caltagirone already stick to the promises made before the victory of the 5 Star Movement to the Capitol and implements a strategy of internationalization thanks to consolidated relations with the French members of ACEA. Rays it will be up to the junta now the arduous task of interacting with the industrial shareholder transalpine that in the past has supported, together with Caltagirone, the appointment of the current CEO of Acea, Alberto Irace . Just the renewal of the Board of Directors of ACEA, expected in March 2017, could be the first test case in the relationship between the Capitol and members across the Alps.

The mayor of Rome has never made any secret of willingness to change the Acea summits. The French, however, have so far supported the current Irace strategy that relies on the early termination of its mandate to pocket a consistent severance . Difficult to make predictions. But for now from Paris comes a “Roma conciliatory message has big problems with the treatment of the trash and a group like ours can help,” he explained to the agency Reuters the number one Suez, Jean-Louis Chaussade , suggesting the group’s intention to support Acea in a long-term growth path.

But it is not all that glitters is gold. Among the reasons that prompted Caltagirone to step aside is in fact the difficulty in reaching a compromise with the 5 Star Movement on the management of the company. Difficulties which it is said will be overcome with French partners. So on one hand the investment banks will felicitate the positive effects of the transaction on Acea, the other for the company opens a new era all to imagine.

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