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 […]
CashNews.co (Bloomberg) — Italy is selling a 7% stake in Monte dei Paschi di Siena SpA, the latest step in an exhaustive restructuring drive that dates back to 2017. Most Read from Bloomberg The sale, through a placing, follows two other successful disposals that progressively cut the Finance Ministry’s stake in Paschi from the level […]
CashNews.co By Elvira Pollina MILAN (Reuters) – Swisscom offered a second set of remedies to Italy’s antitrust authority at the end of October to win approval for a planned deal to combine its Italian arm Fastweb with Vodafone assets in the country, a letter seen by Reuters showed. The Italian antitrust authority (AGCM), whose approval […]
CashNews.co ROME (AP) — The city of Florence took new measures Tuesday to crack down on overtourism, just as the Italian government hosts the Group of Seven tourism ministers in the Renaissance city and seeks to significantly boost the country’s place as a top visitor destination. Mayor Sara Funaro’s Cabinet approved a 10-point plan that, […]
CashNews.co ROME (AP) — Italian authorities say a network of European art forgers who painted fake Warhols, Banksys and Picassos and then tried to sell them to unsuspecting buyers with the help of complicit auction houses has been dismantled. Thirty-eight people have been placed under investigation, including six in Spain, France and Belgium. Italian authorities […]
CashNews.co The path for Lufthansa to take over the state-owned Italian airline ITA is clear, as the required documents for the buyout were submitted on time to the EU competition authority, Italy’s finance ministry said on Monday. “We confidently await the final approval from the European Commission to advance the completion of the transaction,” the […]
CashNews.co The Italian government and Lufthansa reached a deal on the sale of a stake in flag carrier ITA Airways to the German airline, Rome announced Monday evening, hours before a midnight deadline to present the agreement to European regulators. Both sides had been locked in tough negotiations on the price and terms of the […]
CashNews.co (Bloomberg) — Deutsche Lufthansa AG has worked out differences with the Italian government over the price of ITA Airways and is on track to finalize its deal to take over the money-losing airline as soon as Monday, according to people familiar with the matter. The agreement hit a surprise snag last week when German […]
CashNews.co “Today we have gathered to discuss the financing of COP29. Azerbaijan, with its presidency of COP29, has created a common space for all parties to discuss and achieve a successful outcome. We are fully ready to start a dialogue with everyone on climate change,” Francesco Corvaro, Special Envoy of Italy for Climate Change, said […]
CashNews.co We recently published a list of 11 AI News and Ratings You Should Not Miss. In this article, we are going to take a look at where Amazon.com, Inc. (NASDAQ:AMZN) stands against other AI news and ratings you should not miss. As tools like ChatGPT by OpenAI become more popular, a larger debate has […]