Lamezia Terme – Sacal has started the procedures for the capital increase which was authorized by the Cohesion decree – approved by the Council of Ministers in May – and allows an increase in investments also in the company that manages the three Calabrian airports starting from the international airport of Lamezia Terme. The bureaucratic chain and acts subsequent to the decree have therefore begun which should lead to the injection of new liquidity into the company with predominantly public capital and thus several public bodies – which already hold shareholdings – have moved to evaluate an active role in this operation. The recapitalization of Sacal has been discussed, for example, by the Chamber of Commerce of Catanzaro and also by the Municipality of the capital city. There are no decisions from the Municipality at the moment. The Region will certainly have a decisive role. The law, in fact, allows under certain conditions a capital increase by public shareholders and as regards Sacal in particular the Region – which together with Fincalabria controls over 60% of the share package – while the Municipality of Lamezia has approximately 11% of the shares.
According to the decree, it will be up to the public shareholder to provide liquidity and recapitalization aimed only at financing the investment program envisaged by the companies. In fact, the law establishes that new liquidity is permitted for the construction of public infrastructures or the implementation of an already approved investment program, if the losses, even beyond the year, are overall absorbed in an economic-financial plan approved by the competent authority. The increase is permitted within the limit of 50 million euros for the year 2024 and 25 million euros for the year 2025.
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