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Finmeccanica ready to sell AnsaldoBreda: Insigma offers 1,5 billion

Insigma and Hitachi still in the running to take over AnsaldoBreda, while Ansaldo Sts soars on the stock market – Finmeccanica also earns money

Finmeccanica ready to sell AnsaldoBreda: Insigma offers 1,5 billion

The Chinese group Insigma would be ready to purchase ANSALDOBREDA, the railway company of the Finmeccanica group that has been on sale for some time, having proposed a binding offer. In addition to Insigma, Hitachi also remains in the running to take over Breda, but there is no certainty that the Japanese have made a binding offer.

Insigma's offer would amount to one and a half billion euros. Ansaldo Sts would also be included in the agreement, but the details of this further operation will be defined once the Breda deal is concluded. The main vehicle of the offer would be United Mechanical & Electrical (Ume), a subsidiary of the Insigma group.

From Finmeccanica there seems to be a willingness to end the negotiation, as Ad Moretti himself points out who has said several times that he wants to close by the end of the year. There is a will to reach a conclusion. Finmeccanica's new industrial plan will be ready by the end of the year, it will be examined by the board of directors in the second half of January and will therefore be made public. With regard to Hitachi, Moretti limits himself to clarifying that the Japanese are not out of the negotiations, but other sources reveal that the Japanese company would have stopped at a "proposed agreement".

However, a source recalls that Breda “is the most difficult part (of the transfer of the transport sector). Finmeccanica started from the most complicated asset. Sts is listed: the market sets the price”. Own sts reacts in an ultra-elastic way to the rumors and to Piazza Affari around 11,30, leap 2%, at 8,1950, after having touched a maximum of 8,36 euros. The market capitalization exceeds 1,6 billion euros. Finmeccanica also earns, albeit more cautiously, registering a +1,18%, to 7,280 euros, after a peak of 7,3450 euros.

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