Abbanoa, a major €243 million financial investment: Todde and Truzzu clash
The FdI group leader: "The funds were entrusted to an institution without any call for tenders." The president: "Everything was in order and profitable, but the documents were covered by confidentiality."Per restare aggiornato entra nel nostro canale Whatsapp
A heated debate erupted in the Regional Council over Abbanoa's financial investments. During question time this morning, Brothers of Italy group leader Paolo Truzzu harshly attacked Regional President Alessandra Todde after her response to a question about the water company's investments, specifically the €243 million in liquidity entrusted by the water company to Credem Euromobiliare.
At the heart of the controversy is Abbanoa's choice of a single financial intermediary, without—according to the opposition—any expression of interest, public tender, or formalized comparative procedure.
"We learned that in 2025, the company would entrust over €243 million of its liquidity to Credem bank," Truzzu said, explaining the question in the Chamber. "From a series of checks on the company's website , I was unable to find any resolution authorizing this financial transaction, nor any resolution from the board of directors."
Truzzu then pointed the finger at the Asset Management Committee established by Abbanoa last July. "Three people allegedly managed a huge sum without any expression of interest and without a public tender," he attacked.
In her response, Todde defended the company's actions, emphasizing that Abbanoa "is a legal entity with full management, organizational, and accounting autonomy" and that the disputed transactions fall within the subsidiary's independent decision-making power. The president explained that the company's Board of Directors had established the Asset Management Committee, granting it operational mandate, and that the committee deemed the proposal put forward by Credem Euromobiliare, a "primary" institution with a prudent risk profile, "advantageous."
According to Todde, the objective of the transaction was to "optimize returns on liquidity" during a period of declining bank interest rates. "Overall management generated, and continues to generate, a positive result as of December 31, 2025," the governor assured.
The response, however, didn't convince Truzzu, who further escalated the political conflict in his counter-reply. "I wasn't satisfied at all," he said, addressing the regional president directly. "I'm sorry that the person who wrote the response made you say a bunch of nonsense. And I'm even more sorry that you didn't notice." Then a new attack: "You essentially told us that the regional companies can do whatever they want without the region intervening, because nothing happens anyway." Todde also clarified that the documents relating to the financial transaction are not automatically public because they are specialized documentation "covered by confidentiality requirements," although he left open the possibility of evaluating any requests for access to the documents.
Truzzu announced that he will formally submit a request for access to acquire all investment documentation and verify any irregularities.
(Unioneonline)