The 60 million euro software and Mr Unipol’s sailing boat

1) The software from South Tyrol What we are about to tell you is a crazy story. It happens in the “civilized” South Tyrol, in the autonomous province of Bolzano. They also have municipal companies …

The 60 million euro software and Mr Unipol's sailing boat

1) The software from South Tyrol

What we are about to tell you is a crazy story. It happens in the “civilized” South Tyrol, in the autonomous province of Bolzano. They also have municipal companies that deal with energy, heat and gas. The one controlled, one hundred percent, by South Tyrolean provinces and municipalities is called Alperia. It has just over 300 thousand customers and owns dams, power plants and district heating. And also of a “revolutionary” software purchased in 2019 by the multinational Accenture for a final cost equal to around sixty million euros.

Let’s recap. In 2019, the municipal company where Ceriani is located in the digital division entered into a tender won by his former employer Accenture for seven million. Within three years, the cost rises to sixty million. The new leaders of Alperia arrive and launch a new tender to change software (evidently the previous one, despite the cost, did not work well) and identify an application that costs 800 thousand euros. Ceriani is no longer in the company, the general director at the time Johann Wohlfarter has retired and Alperia’s shareholder, the president of the province of Bolzano, gets annoyed if he is asked questions.

2) A flight to New York

Ita and Lufthansa are awaiting European decisions. The purchase of 41 percent by the Germans seems to be a done deal. It will only have to be established, in Eurobureaucratic terms, whether phase one arrives (approval in a few weeks) or phase two (months to get the green light). Meanwhile, Ita goes ahead and cancels the flight from Milan Malpensa to New York from next year. A section of Milanese shouts scandal: here is the first sign of the escape from Italy of the new Germanized company. It can also be there. But as long as the critics know a thing or two. The market didn’t want to use that flight. The Emirates 777 is much preferred to the A330, the old model, with twenty seats in the Magnifica. Of course, if they had wanted to save the route, on such a competitive route, they would have had to change planes. Furthermore, in addition to Emirates, there are many other companies that deal with point to point Milan-New York. President Antonino Turicchi did the math well: that route, Germans or non-Germans, was in the red by millions of euros a year. And also for 2023 Ita will close at a loss of several tens of millions. You cannot expect to have a full draft and sober accounts. The number one of the group cuts where he can, including figures that have proven to be of little use and cost to marketing.

2) Unipol by boat

4) Cdp on display

Cassa Depositi e Prestiti has never been so active. Not so much and not only in his business, but also in communication. In recent weeks it has very successfully placed a bond with the saving public. The yield is better than that of BTPs of the same duration, so much so that it had to first raise the offer and then proceed with the distribution. It was an opportunity to flood the media with advertising. And in the next few days everyone will be queuing at Palazzo Mezzanotte for a meeting that they are organizing at the headquarters of the Italian stock exchange. Only an evil person can connect this sudden activism of the Cassa with the reconfirmation of its CEO Dario Scannapieco which has been under discussion in recent weeks.