Hints and tips:
Acquisition of 24% of group to dilute previous top shareholder Berkshire Hathaway
...Knight Frank is selling a four-bedroom penthouse adjacent to Via di San Valentino for €2.25m....
...As well as outdoor screenings throughout July and August, this year’s festival will feature a prize in the name of Angelo di Castro....
...The merger of Italian mutual banks Banca Popolare di Milano and Banco Popolare, the result of a flagship reform driven through by prime minister Matteo Renzi to create Italy’s third-largest lender with €170bn...
...Shareholders at Italian mutual banks Banca Popolare di Milano and Banco Popolare have overwhelmingly backed their tie-up, creating a lender with €171bn in assets and providing a boost for reformist prime...
...Atlante ended up with more than 90 per cent of the new shares issued by Popolare di Vicenza....
...At pixel time in Europe Banca Popolare di Milano shares are up 2.5 per centUnicredit shares have climbed 2 per centBanco Popolare shares are rising 1.5 per centBanca Popolare dell’Emilia Romagna shares are...
...Stock in Banco Popolare and Banca Popolare di Milano have lost 63 per cent and 40 per cent, respectively, so far this year....
...However, it has already spent a large chunk buying up more than 90 per cent of Popolare di Vicenza’s €1.75bn capital raise, and looks set to splash another €1bn supporting Veneto Banca’s cash call....
...Italian banks are nursing some heavy losses, with Banco Popolare down 5.7 per cent and Banca Popolare di Milano slipping 4.9 per cent....
...Such is the rationale behind the agreement between Banco Popolare and Banca Popolare di Milano, which would be the biggest merger since the creation of Intesa Sanpaolo in 2007....
...Italy’s banking sector is braced for further consolidation following its first merger in a decade, agreed last week between mutual banks Banca Popolare di Milano and Banco Popolare....
...Italian banks are the worst performers in the index, with Banco Popolare down 7 per cent, Banca Popolare di Milano down 6.5 per cent, UBI Banca down 5.5 per cent and Banca Popolare dell’Emilia Romagna down...
...Banca Popolare di Milano was up 4 per cent on market expectations a deal may be close....
...The boards of Italian mutual banks Banca Popolare di Milano and Banco Popolare have agreed to merge, in a move which will create Italy’s third largest banking group by assets after UniCredit and Intesa Sanpaolo...
...Banca Popolare di Milan and Banco Popolare, two large northern banks, last week agreed to merge. Bankers say more deals are already being planned....
...Italian banks Banco Popolare and Banca Popolare di Milano are in talks to merge in a sign that a long anticipated consolidation of Italy’s mutual bank sector is set to begin....
Offloading bad debt to private buyers could go awry
...Carige has been told to formulate a new strategic plan, while Banca Monte dei Paschi di Siena, Italy’s third-largest bank by assets, has been told to find a buyer....
International Edition