CASE STUDY 1

Cogeneration 1

Stefano Gatti

C1.1 The Situation

“Listen, Gianfranco, they’ve just called me from American Investment Banking Co. saying that they have a very good project finance deal at hand. And one of the sponsors is Alfa, one of our most important clients….” Giovanni Altieri, Director of the Large Corporate Department at Pieff Bank, is talking to his assistant, Gianfranco Arrigoni, on the phone.

“Very interesting, Boss,” replies Gianfranco. “Did they tell you where they are with it?”

“No, Gianfranco, they were very vague. They told me that they are still in the preliminary phase, studying the operation, but they are interested in starting to contact some Italian banks to survey the market and evaluate their opinions regarding ...

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