In many articles PRP Channel spoke of the opportunity that Leonardo would enter as soon as possible in the Fincantieri-Stx joint venture. The 2018 will be the year of the turning point where the Italian group led by Profumo will have important chances to actively participate in the new Italo-French partnership that aims to conquer more and more important market shares in the civil and military shipbuilding sector.
After the coup, in August, arrived with the decision of the French government to nationalize the shipyards of Stx when now the navalmeccanico group led by Giuseppe Bono was now just a step away from the finish line, Italy and France reached an agreement last September which, besides dissolving the knot of the Breton shipyards, defines a path of integration on the military between Fincantieri and Naval Group.
The first step is to refine the agreement for Stx, where Fincantieri will hold a share of 50% plus an 1% borrowed for 12 years. It is now awaiting the conclusion of some steps by the French to arrive at the closing early next year. In February, Fincantieri will present the new industrial plan that will take into account the new perimeter with Stx.
More time will be on the military front: the operation road map foresees a work of the study groups up to 30 next June. And it is here that, to protect his skills, Leonardo aims to participate in the negotiating table with the joint venture Orizzonte Sistemi Navali, set up at 51% by Fincantieri and at 49% by Leonardo.
If Fincantieri looks to France, the lights of Atlantia are always aimed at Spain. Now, we await the decision of the Cnmv, the Spanish Consob, to the counter offer on Abertis, presented Acs, the company headed by the Real Madrid owner Florentino Perez, through the German subsidiary Hochtief. The go-ahead should not arrive before the middle of January. The Italian group therefore has several weeks to decide how to respond to the Spanish offensive. What is certain is that, as the CEO of Atlantia Giovanni Castellucci reiterated, that of the Italian group is not the last offer: the one presented in May, which provides 16,5 euro per share, is not the final offer. The group, he assured, has "enough financial resources to support a possible revival war". In short, the Spanish front is all open and promises sparks.