Intecna, Sace, Simest: the option right for the purchase of shareholdings by Cassa depositi e prestiti is at the center of attention of the Finance and Budget commissions of the Senate, which are examining the decree on efficiency, enhancement and disposal of public assets.
franc Bassanini, president of the CDP, together with the managing director Giovanni Gorno Tempini, they were heard by the two commissions. Bassanini took the opportunity to underline how the decree law does not impose the obligation to purchase but gives an option right to purchase: a distinction that is not only formal given that "the Cassa is a market operator albeit with a public mission, it operates with market rules and with private resources", such as postal collection.
On the other hand, as regards the timing of the transaction, the selection of the advisor for the evaluation of the three companies is underway
Gorno Tempini pointed out that the three companies, indicated by the decree for disposals, on which the Cassa Depositi e Prestiti can carry out a purchase option, fall within the industrial perimeter of the Cassa. An operation that sees CDP, Sace and Simest together - said Gorno Tempini - has a strong rationale because it would create a unified management to support Italian exports. In this way, a model that has already been implemented in Germany for some time would also be implemented in Italy. Fintecna, on the other hand, is important for its expertise in the real estate field and it is part of the aims that the fund has of activities to support local administrations, in particular to improve their institutions. All three companies – also underlined the CEO of CDP – are in economic and patrimonial balance and thus fall within the nature and intervention philosophy of the Cassa. In any case, the selection of the advisors who will have to accompany the evaluation process of the possible acquisitions is underway, for which there is time until mid-October.
