Trentino
Christian Reato
It is closed another difficult year for the "San Martino Dolomites and Primiero Transportation by Rope SpA", after three years from its inception through the merger of New Alpenrose SpA and Siati Colverde SpA These days the shareholders' meeting is , called upon to decide what to do, view consolidated loss of EUR 1.4 million in the 2012 budget certified in addition to the losses of previous years resulting in a total debt of more than 10 million.
Friday 24 May 2013 3 minutes reading time
Last year the Board of Directors had approved a recapitalization auperiore 35 million that had no accession. The majority shareholders of the company are the municipalities of Primiero compressivamente who hold about 53% of the capital. The rest is divided among local tourism operators, whether private individuals, but also the subsidiary of Commons ACSM, Bank for Rural Valleys Primiero and Vanoi and Cassa Centrale Banca. These two banks, among others, appear to be among the principal creditors.
 The municipalities could not by law buy new shares, while private operators have preferred to stay away. As reported by Corriere della Trentino Alps, the mayor of Tonadico, Aurelio Gadenz, he read a document approved by the mayors of all 8 Primiero. It states that you have opened a comparison with the case of rural Valleys Primiero and Vanoi that, along with the cooperation of the world, is the largest creditor and financier of the equipment company, building a possible model for the future, accompanied by a hypothesis of the business plan with a willingness to participate in the public sector through the 'intervention Trentino Sviluppo. This proposal was rejected by the Fund and Rural Cooperation, which instead gave indication to go to an "agreed with going concern" that allows the shortest possible time to undertake action aimed at the revitalization and rehabilitation.
A few miles away while a few dozen companies have formed the Consortium "Companies and territory" chaired by Cristian Marin, Hotel Savoia di San Martino, with the main purpose to manage the project of the new funicular railway which will connect San Martino di Castrozza and Primiero, but also with the purpose of promoting the economic and social development of the territory.
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