The shareholders of Acea, the former municipal company of Rome, are still paying the price of the Raggi cyclone: despite the good tone of the market which, one hour after the closure of Piazza Affari, gains 1,7%, the Acea share loses even today 3,5% and is one of the worst on the list.
In two days, Acea lost 6,4% on the Stock Exchange. Yesterday the other utilities were also down on the Stock Exchange due to the uncertainty on the outcome of the ballots and the contagion of Acea but today the other former municipal companies are all recovering: from A2A to Hera, from Iren to Ascopiave. Only Acea continues to lose.
The curious thing is that, while on Atac, which is the most troubled municipal company in Rome, Raggi has so far been very sibylline, on Acea it has threatened to drop the ax despite the balance sheets of the Roman energy utility are clearly improving. But in the eyes of Raggi, Acea has an unforgivable flaw: Acea's CEO, Alberto Irace, has never hidden his Renzi sympathies. And Raggi attacks.
