Sunday, September 25, 2016

More time for the sale of 4 good bank – Il Sole 24 Ore

It makes more concrete the prospect of a postponement of the deadline of 30 September for the sale of the four "good bank" created from the procedure for the resolution of the Banca Etruria, Banca Marche, Carichieti, and Cariferrara. Sources of the Treasury confirm that the scenario, as anticipated on the Sun 24 Hours of last Thursday, it would be a kind of "flexibility" on the deadlines needed to conduct in port, the negotiations are already underway, complex on both the technical and aspects of employment; therefore, in a perspective different from that of the 30 April last, produced the first extension to absence of offerings.

the First to take decisive steps, the rest of the evaluations of the potential buyers you would be concentrating on chance of return of investment and on the possible guarantees from the risk of new capital increases in the aftermath of the operation; the theme is intertwined with the status of the claims in the belly of the "new" four banks, and why the eventual emergence of the units of the Npl or otherwise suffering higher than expected would have a significant impact on the business plan in construction. The analysis, then, also look at the fate of the approximately 6 thousand employees of the four institutions, that will definitely be in need of a renovation to handle in the first place with early retirements and with the resources provided by the interbank guarantee fund of solidarity.

Both on the accounts both on the personal shots would be harder in the event of liquidation of the four banks, the only alternative to the sale within the time agreed with the Eu. On all of these aspects have pointed to the confrontation between the government and the Eu, and the european commissioner to competition Marghrete Vestager has made it clear explicitly that Brussels does not hang in a date if this cut the legs to the operations can take off.

In the game there are the asset of the "good" of the four banks but also the 1.8 billion anticipated by the time by Unicredit, Intesa, and Ubi for giving birth to the good bank.

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