Share

Rome, Atac: Ok from the prosecutor's office to the arrangement with creditors

According to the deputy prosecutor Rodolfo Sabelli and his deputies Stefano Fava and Giorgio Orano, this arrangement "represents less criticality" than a bankruptcy or an extraordinary administration, both for the company's nearly 12 employees and for the creditors.

Rome, Atac: Ok from the prosecutor's office to the arrangement with creditors

Atac and the Capitol, in unison, breathe a sigh of relief. The Rome prosecutor's office has given a favorable opinion on the composition with creditors in continuity requested by the Capitoline investee. According to the deputy prosecutor Rodolfo Sabelli and the deputies Stefano Fava and Giorgio Orano this "scenario (i.e. access to the composition, ed.) represents less criticality” than a bankruptcy or an extraordinary administration, both for the almost 12 thousand employees of the company and for the creditors.

The Roman public transport company, prey to a debt of 1,4 billion in debt, therefore avoids the much feared bankruptcy, at least for the moment. The details of the plan presented by Atac will also have to be evaluated in the near future, which provides, among other things, an increase in revenues through the growth of the bus fleet by 600 cars and the sale of a stock of buildings and former company warehouses. Although the second proposal presented by Atac after the rejection arrived a few months ago no longer raises the "problems of legality" that emerged previously, there are still uncertainties about the "guarantees on the feasibility of the plan", especially as regards the estimate of the assets, the whose calculations would have been carried out "in an approximate way"

"The attestation - continues the prosecutor - reveals all its deficiency where it incorporates the values ​​indicated without any further verification of the same or critical annotations, limiting itself to choosing the data of the value of the properties in their current state". In practice, on the basis of these estimates, it is not possible to assess whether the goods should be considered "no longer instrumental to the economic activity in which they were inserted" and whether they can "really be attractive to a hypothetical buyer".

comments