Piaggio Aero, five offers but still no decision

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Five binding offers arrived for Piaggio Aero at the deadline of the tender notice (the third) for the sale of the company on 30 January. The undersecretary of Mimit, Massimo Bitonci, said this in response to a question in the Chamber’s Productive Activities Committee. The offers, he specified, “are being evaluated by the extraordinary commissioners”.

Bitonci explained the situation of the Villanova d’Albenga company (which has been under administration since 2018 and has already had two unsuccessful bids for the sale behind it), responding to a question presented by Ilaria Cavo, deputy of We Moderates and vice-president of the commission.

Extension of the commissionership

After clarifying the number of offers received for Piaggio Aero, Bitonci added that the company’s three extraordinary commissioners are still evaluating them and that “only following their evaluation” will Mimit evaluate further actions within its jurisdiction, including the extension of the ‘extraordinary administration, if it were necessary’.

The undersecretary’s clarification is due to the fact that, in less than three months, on 13 May 2024, the period of extraordinary administration procedure with the Marzano law, opened at the time for the company, will expire. If, by that date, a buyer is not identified, we could move, Bitonci confirmed, towards a (further) extension.

Public participation hypothesis

“The Government – concluded the undersecretary – reiterates the need to identify an offer that ensures financial solidity and an industrial plan that guarantees the future of the production sites and the safeguarding of production and employment levels”.

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