It is not yet clear whether or not this is the first step towards the establishment of the superholding of Italian equity investments headed by Cassa depositi e prestiti (Cdp), which is certainly in the plans of both Prime Minister Paolo Gentiloni and the Minister of Economy Pier Carlo Padoan and the secretary of the Democratic Party Matteo Renzi, but a transfer of Eni and Enel shares to the Cassa it's closer later the approval of the update note of the Def decided yesterday by the council of ministers.
As Federico Fubini shrewdly notes in today's "Corriere della sera", it is hard to see how otherwise the Treasury could collect in 2017 the sum of 3,5 billion euros, i.e. 0,2% of GDP, from privatizations to reduce the public debt, having not made any significant transfers so far. This is why the hypothesis of quickly transferring shares of Eni and Enel to the CDP becomes realistic in order to respect the Def without losing public control of two such important assets, since 80% of the Cassa is in public hands.
We will probably understand the government's road map on Eni and Enel from the Budget Law which will be passed after the approval of the Def by 20 October.
