I think diplomatic negotiations will go on behind the scenes. GM needs to get rid of this sword of Damocles and court is a risk -- it could go either way. |
The company has moved a lot of its production abroad and that should help it increase future profit margins and keep its growth targets. |
The new company will be a formidable group and able to follow a more expansive strategy. Competition is done with economies of scale. It will be able to diversify into sectors such as ports and airports. |
The sooner the share offering happens, the better it is in terms of investor confidence because it would redress some of the disasters investors have had to deal with. |
The whole arrangement is seen as a trial period until a shareholders meeting in April or May. Then the top management line-up and industrial plan will be evaluated. |
This (IPO) represents a test for the sector. We've been disappointed with results - and this isn't an Italian phenomenon, but a European one. |