80 years called him "Mr. 5%" for his extraordinary ability to hold a share in large companies of Italian capitalism (De Benedetti to Pirelli until Pesenti).
To understand what is happening we should know first, the shareholding structure of the main jewel on which an empire of Don Salvatore Ligresti. The group
Ligresti rests on three pillars: insurance, real estate and finance. This empire is in turn controlled by the Holding Premafin which belongs to his children. According to some accounts, last year it ended with a deficit of 412 million euro.
In 2207 the title was worth two in the bag € and now we are close to a euro and its capitalization (capitalization means the real value) decreased significantly from 770 million to approximately € 440.
The activity of insurance is divided into two large companies: the "Fondiaria SAI" and "Milan" in red in both life insurance policies and claims to want to want the economic miscalculations.
writes Stefano Cingolani, a senior journalist in the "its holdings in large industrial groups are compromised because Ligresti is present in Alitalia, the company that manages the airports of Rome, and Impregilo or RCS Corriere della Sera).
A real-estate Ligresti he launched the construction of old brownfield sites in northern Italy as Milan (new compelsso Porta Garibaldi as well as hundreds of land for the construction of the Expo 2015), Turin and Rome (the towers of the EUR district).
However, unlike the real estate agents and type Ricucci State has buildings in inner cities, restructure them and resold them, Ligresti has focused on the suburbs just to be retrained.
control of his empire is divided equally amongst the three daughters and her 4 th child operating through companies based in Luxembourg. Maria Giulia
designs handbags, her passion.
Since the start of his ride in the mid-seventies, Ligresti has repeatedly threatened to go belly up, but it has always been supported and saved by the cream of the banking world, beginning with Enrico Cuccia.
The meeting with the godfather of high finance is by accident, when Don Salvatore was snubbed by the club of great powers and called him Toto: "I was at the airport of Fiumicino - Recalls - waiting for the Alitalia flight to Milan, which traditionally delay. And he was beside me. We started talking and we made friends right away. " Simple, like the real thing. Like the beginning. It 's still Ligresti to tell in the first interview, in February 1986, Anna Di Martino of the World: "I had heard about the possibility of building, but it took 15 million and I was only five. I went to Commercial Credit, I received the Director General Mascherpa, was to feel and then gave me ten million. I did the project and I sold for 50 million. Was 1962 "(part protected by copyright: Il Foglio).
Salvatore Paterno was born in the province of Catania in 1932 by a merchant family who also owned large tracts of land as citrus and Savior is Manato to study engineering while in Padua the older brother, doctor, career is going and buying private clinics.
He moved to Milan where he met some Virgillito, his countryman, who made his fortune by selling the houses of Milan who had left to escape the German invasion.
Virgillito Liquigas took the ladder and then Ligresti.
Ligresti is presented in a certain Virgillito The Russian defense minister's grandfather, who was parliamentary MSI, the old Italian Social Movement.
After a series of failures, leaving the Liquigas Virgillito Ligresti to and from there the adventure begins because the boy is showing really good doing business with De Benedetti.
Obviously not everything is done in broad daylight a few years later because his wife is kidnapped and it takes 600 million to pay the ransom to some legs of Palermo affiliated with Stefano Marchese Bontade.
The investigation, however, leads nowhere and Savior can emerge.
Tangentopoli arrives and he is overwhelmed by the accusations, by Here follows the jail, is put in the same cell of a drug addict and eventually serve the sentence with the reliance on social services.
This whole story of course makes him lose the title of that integrity is an essential requirement in running an insurance company.
But when it comes to buying the Fondiaria from Montedison, Consob requires you to launch a 'tender offer, which Ligresti can not do because short of cash. At this point it is saved by Geronzi Bazoli and to help him climb in and get it into the living room that matters, or that of RCS Corriere della Sera.
grant aid that is designed to prevent the Fondiaria end up in the hands of Fiat and so that the daughter of an alliance with iron Profumo will repay the favor by granting a huge loan for a recapitalization (which is why the internal war all'Unicredit Ligresti openly supports Bouquet).
the last battle of the family Ligresti sky opportunity to recapitalize its business needs soldi.Chi so they can make money? Vincent Bolloré, the finance Breton friend of Berlsuconi and present in large Mediobanca. In the new organization
Ligresti family owns 36 percent of the shares and Bolloré 25, he collects the money and again, as always playing on the edge of the great Italian capitalism.
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