Cdp and Vivendi saw the Kkr takeover bid, the Tar bleached Hope, Sgarbi rude with the Cav, Verdini’s secret plan for Berlusconi al Colle
Cdp, Tim, Kkr, single network, Hope, Tar, masks, Pentecostals, TikTok, Berlusconi, Sgarbi, Verdini and more. Bits of press review in the tweets of Michele Arnese, director of Startmag
THE TAR SCRAPS THE PARACETAMOL IN THE REGULAR WAIT
Lazio Tar. The content of the ministerial note on the home management of patients with SARS-CoV-2 in which it is foreseen "vigilant waiting" and Paracetamol is "in contrast with the professional activity as delegated to the doctor in the terms indicated by science". (Handle)
– Michele Arnese (@Michele_Arnese) January 16, 2022
OUTDOOR MASKS?
"If I am walking alone or with family members, is it helpful to keep my mouth and nose covered? From a medical point of view, the answer is no." (Carlo Federico Perno, director of the Microbiology Unit at the Bambino Gesù Children's Hospital in Rome)
– Michele Arnese (@Michele_Arnese) January 16, 2022
VERDINI'S PLAN ON BERLUSCONI AL COLLE
"" So we elect Silvio. "Denis' secret letter to Dell'Utri and Confalonieri. A message from Verdini outlines the strategy to bring Berlusconi to the Quirinale. With an eye on his son-in-law Salvini". (The Tyrrhenian Sea)
– Michele Arnese (@Michele_Arnese) January 16, 2022
THE DOUBLE GAME OF SGARBI THE TELEPHONIST
"Quirinale? Draghi will undoubtedly be the next President of the Republic. Draghi is the only one with the numbers. With this pantomime the center-right continues to take the piss and deceive Berlusconi, who has no chance “. (Vittorio Sgarbi on Radio Radicale, 5/12/2021)
– Michele Arnese (@Michele_Arnese) January 16, 2022
PENTECOSTAL POSTCARDS
"According to the estimates cited by the Wall Street Journal, due to the advance of Pentecostals, and also due to the increase in non-believers, Latin America will soon no longer be Catholic". (Republic)
– Michele Arnese (@Michele_Arnese) January 16, 2022
In Latin America, the country in which Pentecostals are growing fastest is Brazil. So much so that within the year they could overtake the Catholics. (Republic)
– Michele Arnese (@Michele_Arnese) January 16, 2022
GREETINGS FROM TIKTOK
Charli D'Amelio, who started posting videos of self dancing on TikTok in 2019, took home $ 17.5 million last year. The average pay of CEOs of listed companies included in the S&P 500 is $ 13.4 million in 2020. (Wall Street Journal)
– Michele Arnese (@Michele_Arnese) January 16, 2022
UNIQUE NETWORK? BAH, BOH
"If on the one hand the single network seems difficult to achieve in the short term, in the medium-long term the synergies that can be released by integrating the Telecom and Open Fiber infrastructures would risk being canceled out". (Sole 24 Ore)
– Michele Arnese (@Michele_Arnese) January 16, 2022
THE CDP-VIVENDI PLAN ON THE NETWORK SAWS THE OPA OF KKR
Tim, CDP and Vivendi's plan: to divide it without takeover bid and without Kkr. (Republic)
– Michele Arnese (@Michele_Arnese) January 16, 2022
EXTRACT FROM THE ARTICLE BY GIOVANNI PONS DI REPUBBLICA ON TIM, CDP, VIVENDI AND RETE UNICA:
After many years of theoretical discussions, now the road to the separation of Tim's network from his commercial activity seems to have taken a shared path, even if the obstacles in its path are still many. The difference from the past is that it will be Cassa Depositi e Prestiti, a 10% shareholder of Telecom, to push for this operation to be done quickly. Its final objective, as well as that of the Mef (its main shareholder at 85%), is to create a single widespread and independent broadband network at the service of the country. An objective that does not reconcile with that of a private equity infrastructure fund, such as Kkr or Cvc, which aim at a generous return on capital for their shareholders over a certain number of years. For this reason the Cassa will try to guide the operations itself, without giving the ball to the funds, or in any case keeping them on board but sitting in the back seat. And see if with the relative majority shareholder Vivendi (23.9% of Tim) it is possible to recreate a climate of trust to row in the same direction. However, technical and timing issues overlap along the way. Is it possible to split Tim into two (or three) while keeping the companies listed on the stock exchange and with current governance? The answer is yes if you want to shorten the time and also take advantage of the money from the NRP to make new investments to modernize the network. Kkr's idea of launching a takeover bid, taking the company off the market and then breaking it up requires more capital and more time. For this reason, Cdp and Vivendi would tend to exclude it and carry out a spin-off of the listed company, which at the end of the process will assign the shareholders two different shares, one for Netco (the network) and one for Service (the commercial service); thus each shareholder will have the right to hold, sell or buy the two shares at will. The plan that the current general manager Pietro Labriola is developing with the advisors Mediobanca and Vitale is precisely this, essentially the same plan as Kkr but without launching a takeover bid. It will be necessary to decide how much debt, of the total of 22 billion net, will be taken over by Netco and how much by Service, through a bridging loan granted by the banks that will make it possible to repay the existing one and to issue new bonds. And above all, how to reallocate the 40,000 employees in the two separate companies.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/cdp-vivendi-kkr-tar-speranza-sgarbi-verdini/ on Sun, 16 Jan 2022 10:40:24 +0000.