The stock market week starts badly for Finmeccanica and for its subsidiary Ansaldo Sts, which by mid-morning lose 1,1 and 3% respectively. The sell-off comes on the heels of news that General Electric is backing away from buying Ansaldo Sts.
“I initiated the first informal contacts ten years ago and nothing came of it – said GE Europe's number one, Ferdinando Becalli-Falco last week, regarding the possible purchase of Ansald Sts -. When things drag on for too long it's hard to close. There is no margin for reaching an agreement”.
The news reduces the speculative appeal on Ansaldo's shares, given that GE was given the pole position to take over the company put up for sale by the group controlled by the Treasury. However, the Equita experts confirmed the "buy" recommendation on Ansaldo and the "hold" on Finmeccanica, while the Intermonte analysts confirmed the "buy" recommendation on Finmeccanica, while emphasizing that they negatively see a possible change at the top of the company, as speculated in recent weeks. A change at the helm of Finmeccanica could in fact delay the group's restructuring process.
