The Italian Government has indicated its reservations about the Finmeccanica group's new strategy of leaving certain business areas to concentrate on aerospace and defence (Flight International 27 February - 5 March).
Senior Finmeccanica managers have told Flight International that the conglomerate wants to sell its energy and railway activities, which offer poor returns, and use the cash to grow its aerospace/defence activities. But a government minister and several Italian political parties have warned that the sale of the transport activities must not be rushed.
With a general election due in mid-May, the politically sensitive break-up of Finmeccanica will require the new administration's approval. Potential buyers are understood to have emerged for the energy activities.
Source: Flight International
