Portrait of Matteo Marengon

Matteo Marengon : Analyst

Matteo is a member of Oxera’s Finance and Valuation team. He works on state aid and subsidy control, regulatory finance and commercial damages cases, with a focus on company valuation and profitability analysis. Matteo graduated with a Master’s degree in Accounting, Financial Management and Control at Bocconi University, where he specialised in corporate finance, financial management and business valuation. Prior to this, he completed his undergraduate degree in Economics and Finance at Bocconi University, focusing on securities markets and quantitative finance. Before joining Oxera, Matteo worked as a valuation intern in a consulting firm, and as an Investor Relations analyst at Enel Group in Italy.

Matteo speaks English, and Italian.

Tel: +32 2793 0709

Matteo's specialisms include:

professional experience

  • Cost of capital calculations in the context of the RIIO-ED2 price control determinations (2022)

  • Preparation of economic and financial evidence ahead of a Court hearing on a state aid litigation case involving COVID-19-related state aid measures (2022)

  • Analysis of the profitability of several companies in the context of a request for the suspension of an anti-dumping duty (2022)

  • Assessment of the economic impact of the establishment of a free trade zone, including an independent literature review of previous studies on the matter (2022)

  • Economic and financial analysis in the context of a compatibility of aid assessment for an energy storage facility (2022)

  • Asset beta and cost-of-debt calculations for a major air navigation service provider in the UK (2022)


  • MSc Accounting, Financial Management and Control, Bocconi University, Italy

  • BSc Economics and Finance, Bocconi University, Italy

Latest Insights:  Matteo Marengon

16 minute read
The EU Foreign Subsidies Regulation (FSR) becomes applicable this year. To assess its potential impact, we ask: what might have happened had the Regulation been applied to the acquisition of…

Berlin Discussion Forum

Transition from Gas Markets to Hydrogen Markets Over the summer, the transition to hydrogen has gained further momentum. The direction of travel has become clearer with the approval of the European Commission’s €2bn government funding for thyssenkrupp Steel’s “tkH2Steel” decarbonization project, the EU Delegated Acts on Renewable Hydrogen approval in… Read More

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