All the torpedoes between Fincantieri and Leonardo on Oto Melara and Wass. What does the Mef do?
Direct and indirect discussions between the government, Leonardo and Fincantieri on the sale of Oto Melara and Wass of the group headed by Profumo? Facts and insights in Francis Walsingham's italics
Is it normal for a company head of a large group controlled by a company controlled by the Ministry of Economy to want direct government intervention on an ongoing operation by a large group controlled by the Ministry of Economy?
This is the question that many insiders are asking themselves in these hours (fewer in Rome and more in Milan) after today's release of the deus ex machina of the Fincantieri group, controlled by Cdp Equity with 71.32% .
BONO'S TORPEDO (FINCANTIERI)
Oto Melara-Leonardo? "I am sure that the government will be able to make the right choice to safeguard the future of a strategic industrial asset", hissed Giuseppe Bono, head of Fincantieri, in an interview today with the newspaper Il Messaggero .
THE WORDS OF PERFUME (LEONARDO)
"We will try to make things right as we do." This is how Leonardo's number one, Alessandro Profumo, replied yesterday to a question on the dossier for the sale of the former Oto Melara and Wass. "When we have clarity on what the actual options will be, we will make a choice but we cannot make it a priori only on the basis of the bidder's nationality", added Profumo to those who asked him about the hypothesis of a possible agreement with Fincantieri to ensure that Oto Melara's technology remains Italian property.
"Oto Melara is a piece of our reality, we are working on our portfolio: we will do things well done as we are asked by our stakeholders, the Government first of all, but also our people", reiterated the CEO of Leonardo Alessandro Scent.
WHAT THE GOVERNMENT SAID ABOUT OTO MELARA AND WASS
"Maximum attention of the government on strategic defense dossiers", such as the sale of Oto Melara and Wass. This is the position expressed after the November 24 summit at Mise between ministers Daniele Franco (Mef), Giancarlo Giorgetti (Mise) and Lorenzo Guerini (Defense). "The government will quickly evaluate suitable solutions to safeguard the national interest in the enhancement of strategic assets and the development of employment also within the framework of possible agreements at the European level", executive sources told Radiocor in recent days. A position that seems more Bononian than perfumian? Or maybe you're working on a median solution.
THE RUMORS ON OTO MELARA AND WASS
The most accredited hypothesis, according to journalistic rumors , is that the Oto Melara (naval artillery), with guarantees of maintaining its Italian character, goes to Knds while the Wass (torpedoes) would be destined for Fincantieri. According to the “stew” hypothesis, Fincantieri would therefore aim at the naval business of Oto Melara and the torpedoes produced by Wass, and Knds at the land activities of Oto Melara. On the Italian side, the interest would be that of Leonardo to be the third party of the consortium (with the purchase of a share) thus also entering into the orders that this activates. From this solution, the group headed by Alessandro Profumo would emerge as the winner: both in terms of cash (it must in fact cover the outlay of 600 million euros for the purchase of 25% of the German Hensoldt) and in terms of higher volumes in the business of electronics. We will see if it really goes like this
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/tutti-i-siluri-tra-fincantieri-e-leonardo-su-oto-melara-e-wass-che-fa-il-mef/ on Thu, 02 Dec 2021 11:34:40 +0000.