Our energy transportation
activities include onshore crude oil and natural gas pipelines, offshore pipelines in the Gulf of Mexico, and crude
by rail, while we also
operate a
growing power transmission business.
Starting with the fourth quarter, our
operating metric total bookings
grew to $ 411 million and net cash provided
by operating activities exceeded our expectations.
The transaction will enable the Intesa Sanpaolo Group: — To focus on the core
activities of issuing and acquiring relating to payment instruments, following the recent partial demerger of Setefi in favour of its Parent Company, with the aim of maximising effectiveness of commercial
activities and optimising relationships with Group clients; — To adequately enhance,
by way of this disposal, the non-core processing
activities, also taking into account that
growing investment needs and economies of scale are necessary in order to
operate efficiently in this sector; — To further strengthen the technological platform
by entering into a partnership with players of proven experience in the payment sector in Italy and Europe.