Senior Partner, Cattaneo Zanetto & Co
Member of the Policy & Economics Council
Paolo Zanetto is Senior Partner and Head of Government Relations practice at Cattaneo Zanetto & Co, a lobbying firm specialized in the financial sector in Rome and Milan, Italy. He is also a Fellow at Istituto Bruno Leoni, a think-tank based in Turin, specialized on antitrust and competition issues. Mr. Zanetto coordinates government relations efforts for major multinational companies and investors between the Italian Government, international companies, financial institutions and key legislators on topics involving financial, ICT, media, utilities and other industries. Prior, Mr. Zanetto was in the Italian government service for 10 years, as a policy adviser, both in Italian and European institutions, and later as ministerial aide in the Italian cabinet. He is a regular contributor of national newspapers in Italy. Mr. Zanetto has co-authored a handbook on lobbying. (This is me - Update Profile)
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Alitalia bondholders face positive scenario
September 2, 2008
Alitalia Seeks Bankruptcy Shield, Paving Way for Sale | www.bloomberg.com
Alitalia bondholders face a positive scenario, although the regulatory risk is still high. The new rules issued by the government for the new special administration procedure are brand new, and they are probably going to change in the next 60 days.
Italian political crisis has impact on many financial deals
January 25, 2008
Italy in turmoil after Prodi resignation | www.ft.com
After the resignation of PM Prodi, Italy will have to choose between a new government supported by the current Parliament or new elections. In either case there will be a major impact for relevant companies and deals, such as Alitalia-AirFrance, Telecom Italia, BPM, Banco Popolare, ENI, ENEL, Finmeccanica, Atlantia.
Algebris bid for Generali, a political issue
October 30, 2007
Algebris steps up Generali protest | www.ft.com
As the Financial Times noted in its Lex Column, “Generali sits bang in the middle of Italy's web of corporate cross-shareholdings and political power games”. Generali is the biggest Italian company by revenues (excluding ENI which is controlled by the government). The Financial Times also notes that “on recent form the government would block a takeover of Generali” by a foreign entity. Something similar happened in the summer 2006 with Abertis-Autostrade, and in early 2007 with AT&T-Telecom Italia. In the case of Generali, the Italian government has a powerful tool to block any takeover bid. ISVAP, the independent regulator of the insurance industry, has the power to issue or reject the authorization to any shareholder willing to become the “controlling shareholder” of an insurance company.
Italian Parliament wants to help to Lottomatica, Snai
September 26, 2007
Italy's Visco not preparing rules on Lottomatica terminal fine threat - sources | www.forbes.com
The prosecutors are claiming damages for a total of €98bn from the Italian gaming concessionary companies, including €4.0bn from Lottomatica (LTO.MI) and €4.8bn from Snai (SNA.MI). While the government is still considering what to do, there's increasing pressure from the Parliament to approve a bill which may help the industry to pay much smaller amounts.
Italian Senate to approve Reform of Popolari banks
September 12, 2007
Banche popolari: Governo promette, riforma vicina | it.biz.yahoo.com
The Italian Senate Finance committee is discussing a bill on the reform of the Popolari banks, such as Banca Popolare Milano (PMI.MI) and Banco Popolare (BP.MI). The reform, if approved, will lead to better rules for the institutional investors, although the principle of 'one shareholder, one vote' will not be changed. There's a strong lobbying activity from the Popolari banks in order to halt the bill.
| Study Group Name | No. Members |
|---|---|
| Political Experts (EU) | 221 |
| Digital Media Experts | 155 |
| Energy / Utilities Experts: Legal, Economic, and Regulatory Affairs (Italy) | 29 |
May 20, 2008 | London
GLG Seminar: New Italian Government Business Threats and Opportunities with Paolo ZanettoSeptember 6, 2006 | New York City
GLGi: Investing in Italy: Industry Regulation and Legislation and Political Issues