Moretti (PSC) and Regina (Next) focus on Selta (who works for Leonardo, Terna and Snam)
Selta was provisionally assigned to Digital (controlled by a Luxembourg financial company). The other contender is a consortium formed by PSC (where Moretti, formerly Leonardo, will be head of the company) and Next chaired by Regina (Confindustria). Facts, names, numbers and rumors
The future of Selta Spa (and its 180 employees) is about to be decided.
Selta deals with technology that enables automation and network communications and guarantees the security of the main national critical infrastructures.
Subject to extraordinary administration since June 2019, the procedure is about to end with the Mise which, on the proposal of the extraordinary commissioners, provisionally awarded the Piacenza company to Digital platforms SpA
The other party that had expressed interest is a consortium formed by PSC SpA and Ingegneria Sistemi SpA Both proposals guarantee, even the one that received the provisional award, 100% of the hiring of employees.
“As admitted by the commissioners themselves in the application for authorization to sell sent to Mise on April 16, both proposals presented pros and cons. In the end, the commissioners opted for Digital Platforms which offered 6.6 million ”, Il Sole 24 Ore wrote today.
Selta represents a strategic asset and is also subjected to golden power. Therefore, the Draghi government could exercise those special powers (golden power) such as: the right to dictate specific conditions for the acquisition of shareholdings, to veto the adoption of certain corporate resolutions and to oppose the purchase of shareholdings. (Here the in-depth analysis by Start on who will control Selta who works for Leonardo, Terna and Snam).
The proposal is now being examined by the Council Presidency which has 45 days to express itself.
All the details on the two companies that could control Selta Spa.
THE CONTRACTING COMPANY DIGITAL PLATFORMS SPA
DigitalPlatforms Spa is a recently established (2016) joint stock company with share capital of € 2,255,000, wholly owned by the Luxembourg company La Cambre SCA SICAV RAIF, with registered office in Luxembourg. "The share capital of the sole shareholder LaCambre SCA SICAV RAIF – an expert analyst of the sector tells Start – is divided as follows: 99.99% held by the company Weghsteen Capital Advice SA., 0.01% held by the Luxembourg company LaCambre Asset Management Luxembourg Sàrl ".
Lacambre Asset Management Luxembourg Sàrl is managed by four directors: Marco Ricci, Marco Mennella, Nabil Dahdah and Cluadio Contini. The company is 100% controlled by La Cambre Invest Sarl, whose shareholders are Marco Mannella (99.9%) and Marco Ricci (or, 1%).
Therefore, an observer familiar with the dossier pointed out to Start , "the ownership structure of Digital Platforms allows the company LaCambre Asset Management Luxembourg Sàrl, to hold the management of the entire group to which it belongs, with only 0.01% of the LaCambre SCA fund and – what is even more serious – with the possibility of an unconditional transfer, in full, or of individual company branches, to subjects currently not identifiable ”.
THE FINANCIAL POSITION OF DIGITAL PLATOFORMS SPA
"In addition, as stressed several times by the same special commissioners – as stated on Infosec.news – from the updated Digital Platforms Chamber of Commerce certificate, it emerges that the entire share package, representing 100% of the share capital of Digital Platforms, is subject to pledge , registered in favor of RiverRock Italian Hybrid 10 Capital Fund, an alternative investment fund managed by the management company under English law Alternative Investment Fund Manager RiverRock European Capital Partners LLP. Furthermore, to further aggravate the situation, from checks carried out with reference to the financial capacity and solvency of Digital Platforms, the credit insurance companies argue that Digital Platforms itself does not appear to be worthy of creditworthiness ".
ON THE OTHER SIDE NEXT SPA SYSTEM ENGINEERING
On the other hand, we find Next Ingegneria dei Sistemi SpA, a wholly Italian-owned company that has always been involved in the Defense, Space and Cyber Security sectors.
Led by the two to Emilio Gisondi and Baldassarre Favara, Aurelio Regina ( delegated by the president of Confindustria, Carlo Bonomi, at the head of the Energia technical group) chairs the board.
In the Defense sector, Next collaborates with the major industrial, national and international companies for the construction of complex systems in the Naval, Missile, Avionics, Terrestrial and Radar fields. Also in the aerospace field, Next boasts decades of experience. He has collaborated with players such as: Telespazio, Thales Alenia Space Italia, Esa, Asi and Serco.
IN ORDER WITH PSC GROUP SPA
In consortium with Next Ingegneria dei Sistemi Spa, we find Psc Group SpA. The industrial plant group has 4000 employees and over 350 million euros in revenues in 2019.
As stated on the website , PSC is controlled directly and indirectly – through the holding company Psc Partecipazioni SpA – by the Pesce family, of which the progenitor Emidio Pesce, father of Umberto (today the president), Angelo and Annalisa, was the founder. .
In 2014 Simest SpA – a subsidiary of Cassa Depositi e Prestiti – acquired a stake in the share capital of PSC, increasing its shareholding in 2016 through a further reserved capital increase. To date it holds 9.64%.
In 2018, Fincantieri – controlled by Cdp Industria – acquired a 10% stake in the share capital of the PSC Group through a reserved capital increase.
ALREADY PROTAGONIST OF TWO ACQUISITIONS
The PSC group has already shown itself to be particularly active in the field of acquisitions. In 2019 PSC acquired Alpitel, a Piedmontese company specializing in high technology for telecommunications systems and networks with a direct presence also in Brazil. Founded in 1950, the company also designs, develops and manufactures railway and highway signaling and safety systems, IoT solutions.
The second dates back to just a month ago, namely the relaunch of Italtel. Through a newco, 75% controlled by the PSC group and 25% owned by Tim, the Umberto Pesce company will take over Italtel to consolidate the plant engineering market.
PSC GROUP CUSTOMERS
As stated on the company website, PSC's historical customers are most of the publicly controlled companies such as Ferrovie dello Stato, through its subsidiary Rfi. PSC took care of a large part of the plant engineering of Fincantieri's cruise ships.
Furthermore, among the customers we also find Enel, OpenFiber, Trenitalia, Fastweb, Wind3, Carnival, Rai, Msc, Ferrari, Leonardo, Cisco, Ericsson, Royal Carrabean, Sea, Italferr and Cociv.
MAURO MORETTI IN THE BOARD
In the meantime, on 9 April the PSC board of directors co-opted Mauro Moretti as non-executive director. Moretti himself led two large client companies of the industrial group: Ferrovie dello Stato and Leonardo.
Mauro Moretti held the position of CEO of FS from 2006 to 2014, and then led Leonardo from 2014 to 2017. According to L 'Espresso , Moretti should become the next CEO of Psg Group and this is where a potential conflict arises. interests. For PSC Group "only a millionaire grain remains to be solved", underlines L'Espresso . “A dispute with Leonardo (still a public company) arising from a contract for the construction of a stadium in Qatar in view of the 2022 World Cup. PSC accuses the counterpart of a series of non-compliance and has asked for 360 million in compensation. The cause is in agreement. Destiny has it that when that contract was signed at the top of Leonardo there was Moretti, who now leads the PSC. More unique than rare case of a manager in conflict with himself ".
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/moretti-psc-e-regina-next-puntano-su-selta-che-lavora-per-leonardo-terna-e-snam/ on Fri, 07 May 2021 08:21:11 +0000.