Source: La Nuova Calabria (https://www.lanuovacalabria.it/il-pasticcio-dei-locali-scacco-matto-della-catanzaro-servizi-l hypothesis-li-acquisti-il-comune)
The Municipality should purchase the premises within the condominium ‘Check mate‘ and on which the Catanzaro Services. This is one of the suggestions contained in the industrial plan of the in-house company. In the conclusions of the approximately 130-page document, not much credence is given to the scenario whereby its problems will be solved simply by optimizing and increasing efficiency of the subsidiary.
THE ALLEGED ADVANTAGES FOR THE MUNICIPALITY AND FOR THE PARTICIPATE– For this reason, in the document signed by the sole administrator Gianluca Silipo it is suggested: “The acquisition of the premises of the “Scacco Matto” complex by the Municipal Administration presents itself as an advantageous solution for the Municipal/Participatory Administration system. The operation would allow us to strengthen the company restructuring plan, reuse financial resources more efficiently and acquire an important capital asset at an advantageous price”. According to the document: “The operation significantly strengthens the corporate restructuring program underlying the Plan, reducing the overall amount of Catanzaro Servizi’s recourse to credit and the related costs”. While on the Municipality side it would make it possible to “reuse in a more efficient way the 120 thousand euros per year spent on the sub-leasing of the premises” and to “acquire an important capital asset such as the real estate quotient of “Scacco Matto” at values significantly lower than those of the market , settling at the balance and write-off values resulting from the negotiations between the Company and Montes SPV”.
THE VIEW OF CATANZARO SERVICES FOR THE LOCALS OF SACCO MATTO- We recall that the same industrial plan had confirmed the absolute uneconomical nature of the operation for Catanzaro Servizi with active leasing with Montes SPV (formerly Sardaleasing). In 2023 “the fees have exceeded the 335 thousand euros, against rental income for an amount of 120 thousand euros“. Furthermore, an expert valuation of the premises was given “between €2,040,000 and €2,090,000 for the apartments on the 5th, 6th and 7th floors and between €254,000 and €266,000 for the garages”. Who knows if the Municipality will actually obtain a lower price and where it will get the necessary money from. In any case, the industrial plan (in the event of failure of the other two scenarios) does not discard the most extreme hypothesis a priori: the implementation of a recovery plan pursuant to article 14 of the Consolidated Law on publicly held companies.
