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News on Confindustria, Dagospia, Luiss, Bnl, Caltagirone, Starlink and more

4 weeks ago babelfish

News on Confindustria, Dagospia, Luiss, Bnl, Caltagirone, Starlink and more

What is written and what is not written on Confindustria, Dagospia, Luiss, Bnl, Caltagirone, Starlink and beyond. Press review pills

CONFINDUSTRIA: WINNERS AND DEFEATERS

WHAT WILL CHANGE IN CONFINDUSTRIA WITH ORSINI

DAGOSPIA SUPERQUIRINALIZIO

CALTAGIRONE'S DEALS WITH THE UNIVERSITY OF CONFINDUSTRIA

POSTCARD FROM ROME

POSTCARD FROM LOMBARDY

POSTCARD FROM HUNGARY

POSTCARD FROM Türkiye

POSTCARD FROM ISRAEL

MILITARY POSTCARD

POSTCARD FROM BNL

ALL THE LATEST turmoil AT BNL

TESLA'S NUMBERS

THE SUN SHOCKS STARLINK

WHAT REALLY HAPPENS BETWEEN STARLINK AND TIM?

ALL THE TROUBLES OF OPEN FIBER

WHO IS BEFORE THE RAIWAY-EI TOWERS MERGER?

THE BUSINESS OF OBESITY

THE BALLS BUSINESS

WHAT HAPPENS AT THE ARTICHOKE MARKET

WHAT HAPPENS TO THE GAS MARKET

JOURNALISM

TRADE UNIONS

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EXTRACT OF AN ARTICLE BY THE ECONOMIST ALESSANDRO PENATI FOR TOMORROW ON RAIWAY AND EI TOWERS:

Rai is an arm of politics, but also a joint-stock company that must respect budget constraints. Thus, to reduce its growing debt, the government has reduced the stake that Rai must maintain in Raiway, the company that manages its transmission towers, from 65 to 30 percent, allowing it to sell to raise cash.

But it is a cosmetic operation because the towers are instrumental for Rai, and for this reason it pays Raiway a contractually predetermined rental fee: by selling part of its stake, Rai can reduce its debt and pay less interest; but the share of Raiway's revenues that benefit third parties also increases.

By doing so, the government is also opening up the possibility of a merger with EiTowers, the former Mediaset tower company, controlled by the F2i fund, and 40 percent by Fininvest.

A merger that would be advantageous for F2i and Fininvest, because EiTowers could unload its greater debt into the new group (over 700 million compared to Raiway's 140), and take advantage of Raiway's greater profitability thanks to the generosity of the rent paid by Rai.

The government's decision therefore does not resolve the structural problems of Rai's budget; but it allows for a possible merger which would constitute an advantageous exit route for F2i and Fininvest from the tower business.

New developments in the Tim saga. After having deluded for years that it could solve the problem of unsustainable debt and redundancies by selling the Internet at a high price to a government eager to create the publicly controlled Unica company, the stock collapsed when Tim provided the first indications on how much the debt would have actually fallen after the sale: too little, because it is Kkr who is buying, which has high return objectives, not the generous state when it comes to "strategic" assets.

Tim's board of directors then met in an emergency to explain to the market why they were wrong: unconvincing explanations given that the short positions on the stock doubled, reaching a fifth of the capital.

But Tim goes ahead, putting another billion in assets up for sale. He sells Sparkle to the Government, who by offering less than requested had to ask for help from the Asterion fund. Government already grappling with the refinancing of Open Fiber's 6 billion debt, which it indirectly guarantees.

Tim also sells the remaining stake in Inwit, held with the Ardian fund: an operation similar to Raiway because Inwit manages its mobile transmission towers.

Once the fixed network and the towers have been sold, which however will have to continue to pay to use them, Brazil will inevitably also be sold, and Tim will remain a service company in a highly competitive sector with four operators, and which is growing little. It is difficult to remain independent. The saga continues.

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EXTRACT FROM AN ARTICLE FROM SOLE 24 ORE ON ARTICHOKES AND MORE:

With 20 cents per artichoke, you don't even recover the production costs. And so the farmers of Brindisi prefer to leave the purple artichokes , of the prized local IGP variety, in the fields. Prices, reports Coldiretti Puglia, have collapsed by almost 70% also due to Egyptian artichokes , which are invading national markets with prices capable of defeating any competition. Still in Puglia but further north, in the Capitanata Foggia area, the same fate befalls broccoli and fennel: in the fields they are ending up under the cutter, buried because it is not convenient to harvest them, or with farmers inviting citizens to go and pick them directly in the countryside, alone.

Yet, on the counters of greengrocers and supermarkets these vegetables are sold for much more. According to Coldiretti's calculations, artichokes , for example, start from the countryside at 0.15-0.20 cents each and arrive in the city at 1.10 euros. From farm to fork, the increase is sevenfold.

During the latest council of EU agriculture ministers, last Tuesday, European farmers once again took to the streets in Brussels to demand fair remuneration for their products. On the same day, Agriculture Commissioner Janusz Wojciechowski declared that he is "evaluating the possibility of revising the directive on unfair commercial practices to include a ban on paying farmers less than production costs, or introducing a fair margin on selling prices of the products". For those who work the land, this is one of the most important battles today.

Based on official data collected by Ismea, Coldiretti calculated the variability of prices paid to producers in the last 12 months. Clementines were sold between 82 and 30 cents per kilo, oranges between 53 and 32 cents. The gap is decidedly wider in the case of broccoli: some are paid 43 cents per kilo, others 1.13 euros. But it is the fennel that breaks every record, ranging from 2.2 euros to 28 cents: it is clear that, in the second case, the desire to leave them on the field rises. «Too often the price paid to agricultural entrepreneurs does not adequately remunerate the work and the entrepreneurial risk, calling into question the very survival of agricultural businesses», claims Lorenzo Bazzana, head of the economic area of ​​the national Coldiretti. It's not just broccoli, fennel and clementines that are at risk: «Due to prices that are too low – he continues – we are also witnessing the progressive abandonment of the cultivation of wheat, both durum and soft. In a kilo of bread there is a kilo of soft wheat, but today the farmer is only paid 22 cents: is it possible, given the price of bread, that we cannot pay more for wheat?".

Often, between the minimum and maximum prices the difference is a few cents, «but those few, for an agricultural company, mean profit or loss, life or death – explains Bazzana -. And even when the price is higher, this is almost always due to a shortage of product, a decline in the harvest due to drought, frost, hail or pest attacks. However, the consequence is an insufficient income for farmers."

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/dagospia-luiss-bnl-caltagirone-starlink-e-non-solo/ on Wed, 03 Apr 2024 09:07:44 +0000.