Most ITP shares held by Bain Capital
- Rolls Royce, owner of the company ITP Aero de Zamudio, has reached an agreement with the U.S. fund Bain Capital, of which are partners the Spanish fund JB Capital Market, owned by the Botín family, and the company SAPA de Andoain, belonging to the Aperribai family. Rolls Royce will sell ITP for EUR 1.7 billion, the company’s new customer, which will henceforth become its main customer.
Bain Capital has, for the time being, associated two partners (JB and Sapa) – they have not specified the participation of each of these companies – but it is possible that more companies will be incorporated later on and that Eusko Ikaskuntza will also purchase part of the shares, as explained by the Berria journalist, Iker Aranburu. Bain Capital will retain at least 70% of the shares.
The intervention of the two partners of Bain Capital has facilitated the operation, as the company SAPA is active in the field of "defence" – as EITB has pointed out – as ITP – in the field of military aircraft. This is a strategic sector for the Spanish Government, and to the extent that the ITP sales operation needs the approval of Madrid, the presence of the SAPA has made things easier.
The company will continue in Zamudio
The Basque Government Minister for Environment and Economic Development, Arantxa Tapia, said that "the important thing" is that 30% of the non-funds have "decision-making capacity" if in five years the company decides to go to the Stock Exchange or U.S. funds. In an interview with Radio Euskadi, Tapia stated that the Basque Government is carrying out a "comprehensive analysis" of its possible participation in the Basque Parliament.
Precisely, in view of the doubts raised by the Basque Government last year, the owners of the company have said that ITP Aero will continue in Zamaudio and that the business project and employment will be maintained, with 1,500 workers in Euskal Herria. In addition, Carlos Alzola will remain in the position of director.
Labour disputes
Last September a total of 121 workers were dismissed from the Zamudio plant, while last May the TSJPV declared the other 87 complaints of ITP Aero Castings in Barakaldo and Sestao null and ordered the readmission of the workers null and void.
430 greba egun eta gero, ITP Aero PCBko langileek garaipena lortu dute. Espainiako Auzitegi Gorenak berretsi egin du EAEko Auzitegi Nagusiak emaniko ebazpena, eta baliogabetzat jo du enpresak egin asmo zuen lan erregulazioa. Ondorioz, enpresak kaleratu nahi zituen 83 langileak... [+]
Hurrengo apirilaren 6an, larunbata, “Armagintza, gastu militarra eta gerraren kontrako XII martxa” burutuko da. Bizkaiko zenbait kolektibo antimilitarista, ekologista eta nazioarteko elkartasun taldek bultzatutako ekimena izango da.
Siriako gerran erabiltzen ari diren Eurofighter erasorako hegazkinaren zati batzuk Euskal Herriko Itp, Aernnova eta Sener enpresek egiten dituzte. Leopardo gudarako orgaren zati batzuk Sapak egiten ditu.