CashNews.co By Elvira Pollina and Amy-Jo Crowley MILAN (Reuters) – Italy’s Moltiply Group has emerged as the only bidder for German media group ProSiebenSat.1’s price comparison portal Verivox, two sources close to the matter said. Verivox’s sale process is being closely followed by the top two investors in ProSieben: MFE-MediaForEurope, the TV group controlled by […]
CashNews.co Stellantis has reportedly said it will not close plants or implement mass redundancies in Italy. A report from news agency Reuters cited the remarks of an executive of the company during a government-organised meeting in Rome. The automaker is navigating industry-wide challenges, including low demand for electric vehicles and competition from China, while dealing […]
CashNews.co Clifford Chance has advised the Ministry of Economy and Finance of Italy (MEF) in the sale of a further 15% stake of the share capital of Banca Monte dei Paschi di Siena (BMPS), through an Accelerated Book Building reserved to Italian and foreign institutional investors, for an approximately amount of EUR 1.1 billion. As […]
CashNews.co Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to seven new websites that offer financial services illegally. The websites targeted by the orders are: “AxiaGroup” (website https://axiagroup.co and related page https://my.axiagroup.co); “Mirabaud Group Ltd” (website https://algoproai.com); “Zodiac Speck” (website www.zodiacspeck.com and related page https://webtrader.zodiacspeck.com); “Finance Advice” (websites https://finance-advice.pro and https://finance-advice.cc); […]
CashNews.co (Bloomberg) — A possible new force in Italian banking has begun to take shape, after regional lender Banco BPM SpA took a major stake in rival Banca Monte dei Paschi di Siena SpA. Most Read from Bloomberg Banco BPM on Wednesday snapped up 5% of its rival as the Italian government unloaded most of […]
CashNews.co React NewsAareal provides €158m refinancing for luxury Italian hotelsThe assets are held in Castello’s Star II fund..7 hours ago Read More #cashnews #Italy #finance
CashNews.co MILAN (Reuters) -Italy’s antitrust authority (AGCM) said on Thursday it had dropped a case against Ryanair (RYA.IR) after the low-cost airline committed to refund more than 1.5 million euros ($1.6 million) to customers who incurred in extra check-in costs. Ryanair Italy did not immediately respond to a request for comment. The National Union of […]
CashNews.co A Ryanair passenger plane is parked at Cologne/Bonn Airport. Low-cost airline Ryanair is paying back a surcharge fee it imposed on tens of thousands of passengers in Italy for checking in at the airport, a total amount of more than €1.5 million ($1.6 million). Thomas Banneyer/dpa Low-cost airline Ryanair is paying back a surcharge […]
CashNews.co Ministero dell’Economia e delle FinanzeGiorgetti: Eurogroup appreciates Italy’s commitment on ERA Loans for Ukraine at G7 meeting in WashingtonBrussels, 4 November 2024 – ‘Proud of the work done and grateful to the Eurogroup ministers who today renewed Italy’s appreciation for the efforts made and….8 hours ago Read More #cashnews #Italy #finance
CashNews.co (Bloomberg) — Giorgia Meloni’s government sold a minority stake in Banca Monte dei Paschi di Siena SpA to rival Banco BPM SpA, a move aimed at bolstering the Italian shareholder base of the world’s oldest bank. Milan-based Banco BPM bought 5% of Monte Paschi, according to a statement, one of several sales that netted […]