European stock exchanges go green. On the day off of Wall and the City, closed for the Bank Holiday, the German federal government took care of animating the price lists: Germany has decided to close all 17 nuclear power plants in the territory of the Federal Republic by 2022, according to a gradual path already established. The news gave wings to green energy producers all over the Old Continent. In Italy, Enel Greenpower (+2,5%) benefits above all, the only presence of a certain importance in the sector, together with Terni Energia (+1,6%). In this case, the news coming from Germany is also combined with a corporate announcement: entry into the energy saving sector through the purchase of 70% of Efi Technology from Icq Holding.
On the day of the final rush for the seat of mayor of the Municipality of Milan, the A2A board will address the question of the sale of Metroweb, in which the company has a minority stake, by the Stirling Square fund. According to Equita Sim "in pole position would be the F2i fund for a valuation of around 400 million, lower than previous estimates". “The novelty – continues a note from Equita – would be that A2A could not sell its stake and remain in the capital. Our estimates include cash of 100 million and a capital gain of 70 for the possible sale of Metroweb”.
In summary, Piazza Affari is lagging behind (-0,1%), Paris (+0,1%) and Frankfurt (+0,4%) are doing better, but the American holiday is making itself felt
While industrial production is slow (+0,1% in May), Fiat (+0,9%) is once again among the big names on the list following the umpteenth increase in its stake in Chrysler. The purchase of the remaining 6,6% held by the US government should involve an investment of between 350 and 400 million dollars. And a similar operation is already envisaged on the 1,7% still held by the Canadian state. Meanwhile, expectations are growing for the low-consumption car that Fiat will have to deliver within the year, in exchange for another 5% (free) of Chrysler. The New York Times also talks about it in a front page article dedicated to the growing fashion in the USA for small cars with low fuel consumption.
Thoughtful start, however, for bank securities, from Intesa to Unicredit (both -0,9%) which today will review the terms of the cashes according to the indications of the Bank of Italy to Banco Popolare (-0,8%) and Ubi ( -0,6%). To underline the tensions on the front of the Greek crisis we think the new record of the German bund at 125,68.
Finally, in the week preceding the landing in Hong Kong of the Prada freshman, the Aeffe stock takes off in Piazza Affari (+8,8%). This is the effect of the declarations of Massimo Ferretti, who denies his intention to delist and announces his intention to bring the family holding company back to Italy.
