Why IKF climbs 5 in Technip
We invest to strengthen ownership and become a significant player in a carrier French society for growth and jobs. We want to accompany Technip in the logic of our mission: invest in the long term for industrial projects. Technip is a world-class company. This confirms the rise in the regime of the ISP on the last six months. After Valeo, Gemalto, Nexans or Daher, the construction of our portfolio of investments in firms large dimension emerges gradually.
Technip is the subject of recurring rumors of OPA. Do you play not simply a role of Protector
No, the role of the ISP is not defensive but offensive: we are willing to accompany this major player in its profitability and growth. Fact remains that for a company, it is always desirable to have a number of shareholders on which it can rely to concentrate on its industrial strategy, rather than worry about every morning of its shareholders. If ever there was reconciliation projects, is attractive looking at industrial and strategic interest in the assets of the company. Today, I have knowledge of any project in this area.
Do you want seats at the Council
It is not the subject of the time, but when an opportunity will arise, will be asked to participate in governance.
You have 6 billion euros of liquidity. How do you plan to hire by the end of the year
With this investment of EUR 90 million, we have hired a total 500 million in direct investment in companies. Must be added the 200 million that we have engaged in the modernization of the motor equipment Fund and 100 million that we will bring to the consolidation of the SME Fund. The latter should see his round table sealed off by the end of the month, with institutional investors, for a start with 210 to 220 million euros. It may be strengthened if necessary. For the ISP, I think that we will have committed 1.5 billion euros by the end of the year, as announced.
Other investments are in the pipe. Are you candidates for the redemption of the assets offered for sale by Areva: Eramet, STMicroelectronics and Areva T & D
Eramet, the ISP is obviously a potential shareholder, but there are other players in game. This is exactly the same answer for STMicroelectronics and T & D.
How you react to the split draft presented by the direction of Accor, in which the ISP has 7.4
We believe that it should not inform the markets as a decision reintroduced in principle. The interest of the management and the shareholder is to evaluate strategic options, it seems to me absolutely healthy and legitimate. But do not put the cart before the horse. What is this project gives Accor the best chance to develop and seize opportunities It must ask the question and he semble me that all the answers are not yet there. Therefore, it would have been preferable to agree on the terms of the external information to give. The ISP will decide on this important file when it will be presented to the Council and the look of interest that will be for the future and the development of the company.