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Intercompany transactions
In 2009, the Rai Group continued to
function on the basis of a decentralised
organisational model in which certain
activities are carried out by companies
specifically set up for the purpose.
Relations with subsidiaries and
associated companies are all based on
standard negotiations conducted with
reference to current market values.
Certain services, such as accounting
and administration, personnel, real
estate, legal affairs, research and
development, and the management of
information systems, are centrally
managed for some companies.
Rai also has a centralised treasury
management relationship with its
subsidiaries in order to ensure the
coverage of financing needs and to
optimise the investment of available
liquidity.
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