Home Business “Ready to evaluate Sirti dossier if there is interest, Clessidra among Italtel shareholders”

“Ready to evaluate Sirti dossier if there is interest, Clessidra among Italtel shareholders”

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The PSC plant engineering group looks to competitor Sirti to create a stronger company and, once it has found interest in some form of aggregation, it says it is ready to evaluate the dossier. This was announced to DigitEconomy.24 (report by Sole 24 Ore Radiocor and the Luiss Business School) by the president Umberto Pesce while the group is awaiting the outcome of the allocation in the context of Patrimonio Relaunch, a Mef tool managed by CDP for strengthening assets of medium-large companies. A passage considered by the company as a hub to create “the national plant engineering pole” as in the group’s projects.

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In recent months, PSC, which is 80% controlled by the Pesce family holding, for the rest, equally divided, between Fincantieri and Simest, has been given the green light by the court for the rescue of Italtel, a company in arrangement with creditors, a operation in which Tim also entered. «Italtel – adds Pesce – will be a three-way operation: besides PSC which has the majority and Tim, which will have 18%, Clessidra has given us confidence by opening up the possibility of intervening in the shareholding structure of the newco. As a result of Clessidra’s entry, Tim’s share has been diluted from 25 to 18 percent ». Meanwhile, last April the plant engineering company co-opted Mauro Moretti on the board who will be appointed CEO at the next meeting called to approve the 2020 accounts. An entry which, due to the second degree sentence of the former CEO of Ferrovie for the tragedy of Viareggio (conviction canceled by the Supreme Court which asked for the trial to be repeated), it did not fail to arouse reactions such as the parliamentary question of Fdl to Prime Minister Mario Draghi.

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With the resignation of director Luigi Ferraris, appointed CEO of Ferrovie and the arrival of Moretti as CEO, how will your governance change?

By the end of June there will be the approval of the 2020 budget, the current board of directors will end its mandate and with the renewals of the offices there will most likely be a concentration. In recent months, the members of the board have made all their value and experience available to the group and have been decisive in our growth path. Moretti will take on the role of managing director. Previously we had an extensive council with the intention of distributing proxies. The arrival of Moretti, who as CEO of the group will have all the powers and who knows the PSC reality from having been a member of the group’s advisory board, suggests the opportunity for a more concentrated board. Fulvio Conti will remain as vice president. In the meantime, we are preparing to carry out our industrial plan, which is ambitious and challenging in terms of turnover, although undeniably conditioned by the Covid effect, of which we, like many other industrial companies, are affected.

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