patrizio pazzaglia

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.

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The company has moved a lot of its production abroad and that should help it increase future profit margins and keep its growth targets.

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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.

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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.

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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.

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