(ANSA) – ROME, JUN 03 – The Leonardo title is still on the stock market (+ 62% since the beginning of the year) with the spotlight returning to the sale of the ‘defense systems’, the production of cannons and turrets of the former Oto Melara and torpedoes and sonar of the former Wass. in the first trades in Piazza Affari, today it records the best performance of the Ftse-Mib basket, currently moving around + 3.10% at 10.53 euros per share, on the maximum for the session.
Several newspapers, quoting the Reuters agency, today reported the contents of the non-binding offer presented by Rheinmetall for Oto Melara: 190-200 million euros for a 49% share.
This does not seem to change the scenario that has already been outlined for months. Only a few days ago Leonardo reiterated that the process for the sale “is in progress”. The company indicated that it had “received some non-binding offers” and above all reiterated that it considered “a potentially interesting partner” – more than Rheinmetall (which according to rumors of recent months would have evaluated the possible acquisition in partnership with Fincantieri) – the consortium Franco German Knds, explaining: “It meets the strategic requirements that we consider essential for the best enhancement of our defense systems business in the long term: it operates with a joint venture logic and presence in two of the main European countries, has distinctive skills and an international presence in the sector, with an important role in the program for the future European tank (main battle tank or Mgcs), it is not Leonardo’s competitor in defense electronics for land vehicles, where it could become a relevant partner in the future and not has an infantry fighting vehicle already developed and therefore can offer Oto Melara the opportunity to build , with its support, an important technological and product development that can increase its wealth of skills and commercial presence in the medium-long term “. The company, on the other hand, appeared much cooler on Rheinmetall’s interest,: “Leonardo – was the answer to the shareholders – constantly evaluates business opportunities and partnerships, if the conditions are interesting”. (HANDLE).
Source: Ansa
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