CI VIEW: Leonardo Chairman De Gennaro opens door for BAE Systems merger

MILAN (BBN) — Leonardo SpA (BIT:LDO) Chairman Gianni de Gennaro said a merger with listed UK defense giant BAE Systems (LSE:BA) “could be an idea” at a recent company event in Milan.

[Leonardo (BIT:LDO) Chairman Gianni de Gennaro tells Capitol Intelligence Group using CI Glass that merger with BAE Systems (LSE:BA) “could be an idea” during Leonardo Innovation awards with Leonardo CEO Alessandro Profumo at the Museo Leonardo Da Vinci in Milan. November 20, 2017]

De Gennaro’s openness to pursuing a full merger with BAE Systems marks a strategic departure for the listed Italian defense and civil aviation group and indicates the smaller national defense champion is now seeking a merger with a major European defense contractor.

BAE Systems, under pressure to find a strong European defense partner with the looming exit of the United Kingdom out of the EU on March 2019, has historic and close cultural ties with Rome-based Leonardo (formerly Finmeccanica). 

BAE Systems spokesman Rowan Pearman declined to  comment on any possible merger with Leonardo. Under the UK Takeover Panel code, a company cannot pursue a merger for at least six months following a denial of interest.

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CI VIEW: President Trump to resurrect Puerto Rico to former glory through CEO intervention, PREPA privatization UPDATE

SAN JUAN/WASHINGTON DC (BBN) — (Update on November 6, 2017 to add comments by Financial Oversight and Management for Puerto Rico Chairman Jose Carrion IIIDonald J. Trump’s harnessing of CEO intervention, the US military and exploiting the White House bully pulpit to resurrect of Puerto Rico to its former glory following the devastation by Hurricane Maria will undoubtedly be the high point of his presidential legacy.

[President Donald J. Trump arrival on Air Force One filmed by Capitol Intelligence using CI Glass at Muniz National Air Guard Base in Puerto Rico. President Trump and First Lady Melania was met by Puerto Rico Governor Ricardo Rossello and  wife. October 3, 2017]

To many in Puerto Rico — Hurricane Maria is a blessing in disguise as the enclave was facing an even more devastating slow death under USD 70bn of unsustainable debt to Wall Street banks and asset managers.

President Trump effectively talked down Puerto Rico bond prices from about 60 cents on the dollar pre-Hurricane Maria to about 30-35 cents following a choreographed impromptu interview with Fox News anchor and Puerto Rican native, Geraldo Rivera during during his visit on October 3, 2017 .  The USD 9bn in bond debt owed by PREPA will be zeroed out as Hurricane Maria wiped out the utility.

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CI VIEW: President Trump’s USD 1 trln infrastructure fund triggers National bank vs bond agency debate UPDATE

WASHINGTON/BALTIMORE (BBN) –  (Update on October 26, 2017 to add comments from Temasek Holdings CEO Ho Ching) — President Donald Trump plan to spend up to USD 1 trillion upgrading US infrastructure has triggered the first serious bipartisan debate in Congress whether the United States should establish a National Infrastructure Bank and/or national bond authority.

[President Donald Trump speaks with Capitol Intelligence/BBN using CI Glass at Economic Club of Washington DC event prior to entering race for Presidency and the opening of Trump International Hotel in Washington, DC. December 15, 2014]

US House Transportation and Infrastructure Chairman Rep. Bill Shuster (R-PA) says he opposes the establishment of a National Infrastructure Bank while US Senator Mark Warner (D-VA) is pressing for an independent National Infrastructure Bank or financing authority.

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CI VIEW: Fiat-Chrysler Marchionne seeks merger with Korea’s Hyundai; China Great Wall stalking horse UPDATE

WASHINGTON/MILAN (CI GCA) – (Update on September 25 2017 to add comments by South Korea Foreign Minister Kang Kyung-Wha and US House Ways and Means Committee Ranking Member Sander Levin (D-Michigan) — Fiat Chrysler Automobiles (NYSE:FCAU) CEO Sergio Marchionne is now setting his sights on a merger with South Korea’s automotive giant The Hyundai Motor Group while at the same time using China’s Great Wall Motor Co as a stalking horse, sources close to the situation said.

[Fiat Chrysler Automobiles FCA CEO Sergio Marchionne speaks to Capitol Intelligence/CI GCA using CI Glass at the Brookings Institution in Washington, DC.]

It is understood that FCA CEO Marchionne began planting rumors of possible Chinese interest in FCA in June after being rebuffed first by General Motors (NYSE:GM) CEO Mary T. Barra and later by troubled Wolfsburg, Germany-based Volkwagen Group (ETR:VOW3).

Jim Trainor, a Hyundai spokesman in the United States, said the company does not comment on market rumors. HMG, world’s fifth largest automotive manufacturer, owns the Hyundai and KIA automotive brands that operates US manufacturing plants in Montgomery, Alabama (Hyundai Santa Fe,, Sonata and Elantra and KIA (Santa Fe, Sorento) in West Point, Georgia.
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CI VIEW: EXIM Bank catalyst for US job growth and reform with Mnuchin/Waters duo UPDATE

WASHINGTON/WHEELING, WV (BBN) (Update on May 18, 2017 to add comments by US Treasury Secretary Steven Mnuchin) –The end of the long stalemate in Congress over the Export-Import Bank of the United States (EXIM) has unintentionally served as a catalyst to convince the CEOs of Fortune 100 giants such as General Electric Corp. (NYSE:GE), The Dow Chemical Company (NYSE: DOW), Honeywell International, INC (NYSE:HON), The Boeing Company (NYSE:BA) of the strategic need to lend their considerable resources to US small-and-medium and minority-and-veteran owned businesses to expand and compete in foreign markets.

[US House Financial Services Committee Ranking Member Maxine Waters (D-CA) speaks to Capitol Intelligence/BBN using CI Glass on President Trump naming former NJ Congressman Scott Garrett as EXIM Bank at Tax March at US Capitol, April 15, 2017]

The issue of large corporates helping US small and medium-sized businesses came after EXIM Bank opponents succeeded in blocking the nomination of new EXIM board members and thus limiting the export credit agency to making export guarantees of USD 10m or less.

President Donald Trump unblocked the impasse by nominating former New Jersey Congressman Scott Garrett as EXIM President and Chairman and former US House Financial Services Chairman and old-school Republican leader Spencer Bachus from Alabama as an EXIM board member. 

Meanwhile a highly unusual but effective alliance has been quietly forged between US Treasury Secretary Steven Mnuchin and US House Financial Services Ranking Member Maxine Waters (D-CA) to guarantee that EXIM Bank primary focus will be to serve US small-to-medium size exporters, with special attention to minority-and-veteran led businesses. 

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CI VIEW: Kirkuk provides road map to post-ISIS Iraq and regional peace, Kirkuk Governor UPDATE

KIRKUK/WASHINGTON (CI MENA)  — (Update on October 10, 2017 to add interview with Hyatt Hotel Corporation (NYSE:H) Chairman Thomas Pritzker) — Kirkuk Governor Dr. Najmaldin O. Karim, MD is providing a road map for a stable and prosperous Iraq without the Islamic State of Iraq and Syria (ISIS) with his no-nonsense management of the liberated oil rich territory next to the autonomous Kurdistan Regional Government (KRG) based in Erbil.

[US Commerce Secretary Wilbur Ross speaks to Capitol Intelligence/CI MENA using CI Glass at US Chamber of Commerce’s US-Iraq Business Initiative dinner for Iraqi Prime Minister Dr. Haider Al-Abadi at US Chamber of Commerce, March 20, 2017]

President Donald Trump decision to bolster US military forces to free Iraq’s second city Mosul from ISIS control has now put creating a new road map for post-ISIS Iraq on the forefront of the administration’s agenda.

Kirkuk’s Dr. Karim can-do management style — combined with US private sector leadership corralled by US Commerce Secretary Wilbur Ross  — can transform Iraq from a geopolitical quagmire into a regional economic power.

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CI VIEW: Tunisia set for Trump-led economic boom as Hillary cabal makes hasty exit UPDATE

TUNIS/BALTIMORE (CI MENA) (Updating on March 14, 2017 to add The Carlyle Group Co-Founder and Co-CEO David Rubenstein) — Tunisia, the Arab world’s first democracy, is set for an unprecedented economic boom as the administration of President Donald Trump makes a clean sweep of a cabal of cronies tied his opponent and former Secretary of State Hillary Clinton.

[Secretary of State and former Exxon Mobil (NYSE:XTO) Chairman and CEO Rex W. Tillerson speaks to Capitol Intelligence/BBN using CI Glass on mega mergers in oil and gas sector following United States Energy Association Energy meeting at National Press Club of Washington, DC. May 5, 2016]

Tunisia set the stage for its economic renaissance following the Tunisia 2020: Road to Inclusion, Sustainability and Efficiency donor and investment summit headlined by the Emir of Qatar Sheikh Tamim bin Hamad bin al-Thani and than French Prime Minister Manuel Valls and raising more than USD 8bn for public-private infrastructure projects, with USD 1.2bn from Qatar alone.

Notwithstanding President Barack Obama elevating Tunisia as America’s most strategic non-NATO US ally, the United States angered the Tunisian government headed by the country’s pro-American Prime Minister Youssef Chahed by sending an insultingly low-level US delegation to the conference.

On February 17, 2017, President Trump phoned Tunisian President Beji Caid Essebsi to “re-affirm” the historic US-Tunisian relationship and seek additional ways to cooperation between the two countries.

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