The Saras refinery passes from Moratti to the Dutch Vitol thanks to Varas, which acquired 51,07% of the shares. There is still a lot of liquidity left, a possible merger in sight
The sale of the control package of the large Sardinian refinery is definitive, which passes to the multinational Vitol. The next step will be a takeover bid for all the capital
Vitol holds 10,461% of the Sarroch refinery, but will rise to 45,48% at the end of the operation, launching a public offering at 1,75 euros per share. Here are all the details
The Moratti family preferred to sell Saras rather than condemn it to a mediocre future in the absence of scions interested in its management. A story that is a bit reminiscent of the sale of Nuovo Pignone to General Electric which gave a new…
All the stock markets are on the rise but the one in Milan shines brightest. Tod's, after the announcement of the takeover bid aimed at delisting, gains over 18%. Saras, however, disappoints
European stock markets are all up, while Wall Street is uncertain awaiting the inflation data. In Milan the banks are still positive, Saipem also on the shields
In Piazza Affari, at a 15-year high, the spotlight is on the exit of the Moratti family from Saras and the new delisting attempt by Tod's. Artificial intelligence still reigns supreme in the markets. Microsoft reaches new heights
The agreement has been signed with the oil group at 1,75 euros per share, the same figure for the takeover bid that will be launched: here are all the details of the operation. The agreement values the company at 1,7 billion euros. Massimo Moratti "Sale is the best guarantee for…
The Morattis confirm the negotiations, but with reservations. Saras, located in the heart of the Mediterranean, is a tasty and strategic morsel for Vitol. For this he is willing to pay 35% more than yesterday's prices.
The agreement provides for the construction of a green hydrogen plant to be used as raw material in the Sarroch refinery, in the province of Cagliari
The board of directors has appointed the new managing director: he will be Dario Scaffardi, current general manager - A new policy and strategy committee has been set up - Massimo Moratti takes the place of his brother Gian Marco, who passed away a few months ago
Son of Angelo and brother of the former president of Inter Massimo, he held many positions, including that of president of the Unione Petrolifera.
Leap in Saras revenues in the first nine months of 2017 thanks to the increase in average oil prices. The refining segment generated revenues of 760 million euros. Ebitda and net book income also did well, up 18% compared to…
The price lists feel the blow of the US GDP lower than expected. The euro rises against the dollar, the XNUMX-year BTP is making a comeback. Gold recovering - Milan closes the week in the red. Saipem shines, Eni does well, Enel is down. Telecom Italia suffers…
In the first quarter, the group's revenues rose by 45% to 1,897 million euros thanks to higher oil prices.
Shortly after 11 this morning, bookings for the new 15-year BTP had already reached 18 billion, with rates on the rise - With a flash operation, the Russians of Rosneft sold the entire 12% stake they held…
The Italian group has signed a short-term agreement with the Tehran national oil company for the sale of crude oil - Negotiations are also underway for a long-term contract - New contract also between Iran…
Milan closes slightly up (+0,44%) on an uncertain day - Insurance companies are slowing down, asset management is doing well. Stocks turn positive after US data on retail sales and growing Italian GDP - S&P promotes Italy and…
The loan was organized by Unicredit and is aimed at refinancing existing debt and supporting general corporate needs.
The feeling that the ECB may postpone the Qe enlargement process weighs on the price lists - Unicredit does well in Piazza Affari in the wake of the forthcoming sale of the Commercial bank of Austria - Saras thud after the sale of 9%…
Slow opening for European lists - In Piazza Affari, purchases on Unicredit, which is allegedly considering the possibility of selling Bank Austria's retail assets to Bawag - Saras shares in deep red after the sale…
The price of Ferrari shares will be set today in view of tomorrow's debut on Wall Street - Rosneft's stake in Saras dei Moratti drops - Btp-Bund spread close to 100 - Chinese shadows on the stock exchanges -…
However, the Russian giant intends to maintain its remaining 12% of Saras in order to continue to be present on the Board of Directors of the Italian group.
Since the beginning of the year, four companies in Piazza Affari have achieved a dream performance with three-digit increases: Fidia +205,91%, Aedes +127,28%, Digital Bros +103,52% and Saras +102,52 .XNUMX%.
Sarlux, a subsidiary of the Saras group, has reached a preliminary agreement with Versalis, a company of the Eni group, for the acquisition of a business branch consisting of some plants and the related personnel of the Sarroch plant, in the Cagliari area - Around…
Saras, the oil group controlled by the Moratti family, is ready to turn to the bond market to refinance debts due until next July for around 280 million euros - A recent board of directors mandates emerged…
The share of Saras soars on the Stock Exchange: the exploit is due to the fact that a dossier would have been opened for a possible transfer of control of the company from the Moratti family to the Russians of Rosneft.
Restricting our gaze to the fourth quarter alone, the Moratti family's oil company shows an improvement in its accounts: in the year-on-year comparison, the loss more than halved, reaching 33 million, while the adjusted profit was…
Yesterday the Moratti brothers signed a shareholders' agreement on the shares held in Saras, with which they bind 50% of the capital. Neither party may become the owner of other shares without the consent of the other, except in cases of subscription…
Saras widened the loss in the first half to 201,3 million euros, down 71% from the loss of 117,7 million in the same period of the previous year.
The board of directors of Angelo Moratti sapa of Gian Marco Moratti and Massimo Moratti, the limited partnership which also holds 50,02% of Saras, has approved the project for the total non-proportional demerger of Angelo Moratti itself in favor of two companies…
It should be noted that, from a financial point of view, Inter has no ties to Angelo Moratti Sapa, as the football club is controlled by Internazionale Holding, which belongs directly to Massimo Moratti - But the family oil company…
The agreement provides that the joint venture, 50%, will be operational in 2014 and the objectives, in addition to trading operations, are also to encourage entry into new markets using the potential of both companies.
The conclusion of the takeover bid launched by Rosneft on 7,3% of the Saras capital drags down the quotations of the Moratti family company, which falls on Piazza Affari - Now Rosneft holds 20,99% of Saras - the stock also discounts there…
The partial voluntary public purchase offer promoted by the Russian group Rosneft on Saras is starting today: in particular, the offer includes 69.310.933 ordinary shares, equal to approximately 7,29% of Saras' share capital.
Gianmarco Moratti applauds the joint venture with the Russians preparing the takeover bid on Saras' 7,35 to raise the Italian oil company to 215 - The big boss of Rosneft will also join the Saras board but without office.
Crude oil prices fall and gold plummets - The effects of the Japanese maneuvers and the slowdown in the Chinese GDP are felt on the raw materials market and also on the European stock exchanges (Milan -0,96%) - At Piazza Affari they…
The Moratti family reduces its stake in Saras but retains the absolute majority through Angelo Moratti Sapa - The stock flies to Piazza Affari
The oil company in the hands of the Moratti family has presented the industrial plan for the period 2013-2017 - The goal is to increase Ebitda up to 60-80 million starting from 2015 and increase the refining margin.
The oil group's revenues amounted to 11,8 billion (+8% y/y), while Ebitda reached 173,6 million (394,3 million in 2011).
The Board of Directors of Saras has approved the preliminary results for 2012, which saw a collapse in the results in the last part of the year - In fact, in the last three months the company has recorded an adjusted net loss of 18,8 million, which…
The representatives of the two oil groups signed a letter of intent today in Munich to set up a joint venture - Saras shares are well on the stock market.
The oil refining company of the Moratti family closed last year's accounts with an adjusted net result of the group negative for 17,7 million euros.
The numbers of the Moratti family's oil company were better than analysts' forecasts - Revenues up 28%, to 11 billion - The stock gains 0,71%.
After Benetton's exit from the list, rumors identify the main suspects in Parmalat, Saras and even Mediaset - Bernanke sees signs of recovery in America - China willing to support the eurozone - The Stock Exchange launches the Short Index…
The group, active in oil refining, closed the second quarter with losses of 44,3 million - More than the crisis in Libya, the negative result is due to the performance of derivative instruments, used by Saras to hedge transactions…
