Who blows the fire of Ansaldo Energia
Ansaldo Energia dossier (Cdp): facts, names, numbers, rumors, reconstructions and insights
Who blows the fire of Ansaldo Energia?
This is what some insiders are asking themselves after the unquestionable difficulties of the company controlled by CDP but also after some protests and somewhat over the top statements. For this reason, even in Roman circles one wonders: is there anyone who foments souls in Genoa?
Attention is drawn in particular to the recent declarations of Antonio Apa, coordinator of Uilm Liguria: “The CEO Marino has a nice cheek, as he claims that he went from profit to loss in a few months. A situation that casts clear doubts on the quality of the management, on the representation of the accounts and, above all, on the ability of Cdp to supervise and guide the company ".
Statements that clash with the reassurances received from the top management of the company which guaranteed the role of the parent company – Cdp Equity – in supporting Ansaldo Energia also with a possible recapitalization.
Also in the light of Marino's jabs at the previous Ansaldo Energia summit , in Genoa and beyond, they recall the loving words spoken by Apa in 2016 towards the then CEO Giuseppe Zampini: ". Zampini a resource for Genoa, remain with Ansaldo Energia ".
Zampini himself – notes the newspaper MF today – “who was looking to Russia for the expansion of Ansaldo's business and of which today someone just happens to be clamoring for a return”.
WHAT HAPPENS TO ANSALDO ENERGIA
The energy machinery and plant company, controlled by Cassa Depositi e Prestiti, recently communicated negative data for the first half of 2022 , which it claims will not allow it to achieve the economic targets set in this year's budget and will not be able to carry out its business plan. The board of directors then approved the guidelines of a new one and instructed the chief executive to agree with the shareholders of reference for a financial maneuver.
Ansaldo Energia justified its results with the crisis in prices and supplies of natural gas, which caused a decrease in the propensity to invest in this fuel and damaged its orders. However, the company lost the tender for the Ostiglia gas plant, which was awarded by the Fata engineering company of the Danieli group.
THE OPINION OF BARIGIONE
According to Barigione, as reported by the 19th Century , Ansaldo Energia's support plan cannot "ignore a country system in which the reference shareholder Cassa Depositi e Prestiti plays a leading role: to recapitalize yes, but with a shared industrial plan to all levels and that it integrates with those of the large Italian companies active in the sector ".
MARINO'S ASSURANCE
Giuseppe Marino , CEO of Ansaldo Energia, said in recent days that Cassa Depositi e Prestiti will give its support to the financial maneuver (debt renegotiation with banks and capital increase), and that "next October" it will pay the last 50 million of the previous recapitalization, dating back to two years ago.
“There are no problems from this point of view,” he guaranteed.
THE CRITICS OF THE FIOM
In recent days, Ansaldo Energia had also informed the unions of a possible reduction in working hours in the first and second quarter of 2023 : the estimated cut will be 45 thousand hours, 20 percent of the total, in each of the two periods considered. In the second half of next year, then, the reduction could be even greater, reaching 100 thousand hours.
Commenting on the results of the last semester, Fiom stated that "Article 2446 of the Civil Code states: if within the following year the loss is not reduced by at least one third, the administrators must ask the court that the reduction of the capital in proportion to the ascertained losses, ie a pre-bankruptcy situation ”.
THE LATEST INSIGHTS FROM START MAGAZINE ON ANSALDO ENERGIA:
Cdp will recapitalize Ansaldo. Word of Ansaldo Energia
All the troubles of Ansaldo Energia
Ansaldo Energia, Fata and Siemens: what is happening?
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/energia/ansaldo-energia-aiuti-stato-ricapitalizzazione/ on Tue, 09 Aug 2022 06:16:02 +0000.