Finint, the Conegliano holding company founded by Enrico Marchi and Andrea De Vito, suffers from Mps and takes precautions for breaking the pact with Generali in Agorà. From the 2012 financial statements, closed with a net profit of 1,6 million euros, it can be seen how the devaluations exceed 10 million and concern 6 million of the share in the Sienese bank and 2,8 million that of Enel.
Accounting status quo instead for the strategic investments in Save, the company that manages the Marco Polo airport in Venice and in Ferak, the financial shareholder in Generali, which in turn are in the Finint capital with 10%. However, the latter situation could change following the declaration by Mario Greco, the current Group CEO of the Trieste-based company, that he is starting a rationalization process which envisages the intention to cancel the agreement in Agorà, the company which controls Marco Polo -Save. To deal with this possibility, Finint itself has accounted for 9,9 million euros in its financial statements "as a commitment to purchase third-party shares".
Among the prominent figures of 2012 for the Venetian finance company, there is the abrupt investment decline in bonds from 87,5 million at the end of 2011 to 20,4 million. The market value of the portfolio, made up entirely of asset-backed securities issued as part of securitisations, is equal to 14,9 million. The portfolio of listed shares instead fell to a value of 75,6 million from 86,4 million, mainly due to write-downs. The most painful data concerns Mps, followed by Enel and Gabetti (the latter recorded a devaluation of 196 thousand euros after the more than 8 million in 2011).
The group also has small investments in Zucchi, Eon, Omv and Unicredit, of which it holds 56 shares after subscribing the bank's capital increase in January 2012. It should also be noted that "for a book value of 60 million, the shares have been pledged in favor of some financing lines disbursed by credit institutions".
