Business and infrastructure. These will be the two cornerstones on which the 2019-2021 industrial plan of Cassa Depositi e Prestiti which on 5 December will be approved by the board of directors and presented to the market.
The main purpose is to push the country's growth, a purpose that becomes even more important after the latest data released by Istat, according to which in the third quarter of 2018 GDP fell by 0,1%.
Cdp is therefore preparing to take the field with a turning plan. No longer just an investment bank but an engine and point of reference for small and medium-sized Italian enterprises in line with the requests made by the yellow-green government.
So the expectation is growing and the first rumors are circulating. According to what he reports The messenger, the plan prepared by the new CEO, Fabrizio Palermo, with the contribution of the president Massimo Tononi and with the endorsement of Palazzo Chig, will put 120 billion euros of fresh resources on the plate and an internal reorganization aimed at better calibrating the investment shot. Most of the money allocated for the next three years should go to local authorities and businesses, with particular attention to small and medium-sized companies. Precisely for this reason, one could also arrive increasingly close collaboration with Sace-Simest. In the event that these rumors are confirmed, SMEs will have at their disposal not only a privileged financing channel, but also a "preferential" way to market their products across borders and enhance their competitiveness. At the top of this mechanism there will be a single manager who will coordinate the various instances, trying to simplify the organizational model.
On the other hand, as regards the Public Administration and Infrastructures, an acceleration of investments and a possible advance of payments from the Public Administration to businesses are expected.
Cdp, which has always been considered a strategic group for Italy, could therefore change its guise. We recall that the company is owned by82,77 from the Ministry of Economy, while 15,93% is in the hands of banking foundations. Its holdings include 26% of Eni, 35% of Poste and 4,93% of Tim. Through its subsidiaries Cassa Depositi also holds 71,6% of Fincantieri, 50% of Open Fiber, 59,9% of Ansaldo Energie and 12,55% of Saipem, 59,10% owns 29,8 % of Terna, 30,7% of Snam and 26,04% of Italgas.
