Transfer the shares of investee companies to Cassa Depositi e Prestiti held by the Ministry of Economy for the purpose of cutting the public debt.
According to Reuters, this would be the idea that has been circulating in the last few days among the technicians in via XX Settembre who are currently analyzing the disadvantages and advantages of the option.
According to what the press agency writes, which cites a source informed about the facts, the plan being studied by the Mef, christened Capricorn, could involve the major public subsidiaries, from Enel to Eni, via Poste Italiane, Leonardo and Enav.
Going into detail, the Ministry of Economy and Finance currently controls 23,58% of Enel, 4,34% of Eni, 29,26% of Poste Italiane, 30,20% of Leonardo and 53,37. XNUMX% of Enav. The total value of the operation should therefore be around 20 billion euros.
CDP could finance the acquisition with the issuance of preferred shares that could be sold to institutional investors. The latter could be tempted to invest against a preferential dividend.
According to rumors, the hypothesis of transfer of the shareholdings from the Mef to the CDP it could also find space in this afternoon's Council of Ministers, convened for the purpose of dismissing the Def, in which there will be only a small reference to privatizations.
From via XX Settembre at the moment there is no comment on the rumors, but Stefano Pagani, head of the technical secretariat of the Mef, questioned by Reuters declared that "there is a working group between the ministry and the Cassa depositi e prestiti which is looking at all options for the valorisation of public assets”.
