IF TELECOM Italia was the perfect prey for the ambitions of the financier Vincent Bolloré, the General are one of those trophies tricolori that anyone who has the chance to win may expose you to his everlasting glory financial. Even at the cost of splitting the last semblance of polite balance between the protagonists of the Italian finance, now light years away from sweatshirts maneuvers that a normalizer that for years was Enrico Cuccia from the control room via Filodrammatici. The first moral that can be drawn from the move with which the General has effectively sterilized the advances of Banca Intesa is that the institute is headed by Carlo Messina, and that has Gaetano Arms as a strategist continues in the work of the siege to Mediobanca. After defeating the Piazzetta Cuccia in the match for the control of Rcs, Intesa proposes as the true playmaker of the Italian finance. The interest leaked to an entry in the shareholding structure of trieste, or even the launch of an exchange offer is then also a challenge to Alberto Nagel, that the Lion is the largest shareholder, with 13 percent of the capital. The entries in the General responded using the cannon, closing the door in the face of Understanding. Why reject the shareholder’s bank, from the moment that Mediobanca has repeatedly announced intention to reduce its share? Obviously, to have Agreement between the shareholders of "heavy" is not something that is easy to digest. But enough personal reasons to move the Agreement to an insurance company that has still to come out of the dark ages of management that have sunk the bills, and depressed the Stock exchange? In march 2015, the General was at Piazza Affari 19 euro, today we share a little more of 14, in two years has lost 25 percent of its price. It does not seem a big deal, considering that all the operations of bancassurance completed, results have been more disappointing in terms of synergies and profits, and which have been dismantled once discharged their uselessness strategic and financial. Therefore Agreement could not move with an industrial logic. There are those who hypothesize that the face to take the ferry to Trieste major players in the insurance market in the european, especially the German giant Allianz. Or, what is more likely, that the face to block the other, are not apt to the system in Italy, after the raids of Vivendi on Mediaset. If this is the goal, then, is the rivalry with Mediobanca will become a clash at white heat. Why is the Lion of Trieste hovers the spectre of a transaction still to this French brand, with Axa in the guise of a conqueror. A conqueror, which, however, someone opens the doors. “Mediobanca — whisper in the environments of a major shareholder — made the portage to French interests, and someone does not want this to happen.” Therefore it would be a dam, raised to prevent another Italian company end up in foreign hands, repeating the insult just now from Paris, and against which the Italian government has opposed the strength of his opposition, with results from the results, however, uncertain. Do the bis would be deemed a provocation policy. And because it is General, the effect would be devastating. “Who controls the General controls of the Italian finance”, recalled Cesare Geronzi when sat in Mediobanca, quoting — “he said,” Enrico Cuccia, who was among the creatures most dear to them and protected by entrust in expert hands and, above all, devout. There is no doubt that it is the truth. After the slimming and Unicredit, Trieste remained the only major financial company with international scope and, even if not at the level of the competitors, and is present in 60 countries with 470 companies, and almost 80 thousand employees. And it is one of the Italian excellences, even if with a glaze faded over time and led by a manager, look at the case, French. But the strategic importance of the General is not alone in his dusty prestige. The company trieste collects 74 billion in prizes, consisting of policies, upstream of which revolve titles of the Italian public debt, and has in his belly 500 billion of assets under management. Bring the decision-making heart of the strategies of the Generals to a foreign country means surrendering sovereignty in the management of the savings of Italian. It would be a mortal blow after which Unicredit led by Jean Pierre Mustier has given the fund manager-Pioneer to the French Amundi. It is not a matter of the flag, but realistically, s overeignty, and survival.
- Topics:
- climbing general
- mediobanca
- Axa
- Allianz
- Starring:
- donnet
- minali
- Bollorè
- carlo messina
- Gaetano Miccichè
No comments:
Post a Comment