Giuseppe Fonte

Italy

Reporter at Reuters

Mediterranean of Italian nationality. European. Aspiring Anarch. Reporter at @Reuters. Usual caveats. Nec spe nec metu

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Articles

Italy stands by conditions set for UniCredit's Banco BPM deal, sources say

2 days ago | reuters.com | Giuseppe Fonte |Valentina Za

ROME, May 12 (Reuters) - Italy is sticking to the conditions imposed on UniCredit's (CRDI.MI), opens new tab bid for Banco BPM (BAMI.MI), opens new tab as it prepares to engage in talks with the bank, two sources close to the matter said, in a case that has drawn scrutiny from the European Commission.
Italy seeks STMicro shareholder vote on rejected board candidate, sources say

2 weeks ago | marketscreener.com | Giuseppe Fonte

ROME (Reuters) -Italy is pushing for an extraordinary shareholder meeting at STMicroelectronics to vote on a candidate it wants to appoint to the supervisory board, two sources close to the matter said, as Rome seeks more influence at the chipmaker. Earlier this month, the supervisory board of the French-Italian company rejected the nomination of Marcello Sala, a leading Italian government official, to its ranks.
Sale of Italian payments company PagoPA to mint and Poste hits valuation snag, sources say

3 weeks ago | ca.marketscreener.com | Elvira Pollina |Giuseppe Fonte

MILAN (Reuters) -A dispute over valuation is complicating Italy's plan to sell PagoPA, which handles digital payments to the public administration, to the state mint and financial conglomerate Poste Italiane, two sources close to the matter said. The prospect of PagoPA changing hands, even though it would remain under state-controlled entities, has alarmed Italy's crowded banking sector, which is grappling with increasing competition in the digital payment business.
Italy says terms for UniCredit-BPM tie-up avoid helping Russia

3 weeks ago | today.westlaw.com | Valentina Za |Giuseppe Fonte |Gavin Jones

ROME (Reuters) -Italy deemed it necessary to set binding conditions before clearing UniCredit's proposed bid for Banco BPM to avoid "even the slightest risk" of aiding Russia's economy where UniCredit operates, a decree seen by Reuters showed....
Italy clears UniCredit's bid for Banco BPM with prescriptions

3 weeks ago | msn.com | Giuseppe Fonte |Valentina Za

Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
Italy clears UniCredit's bid for Banco BPM with prescriptions

3 weeks ago | ca.marketscreener.com | Giuseppe Fonte |Valentina Za

ROME (Reuters) -Italy has cleared with conditions UniCredit's takeover bid for rival Banco BPM, with sources saying a speedier exit from Russia is among demands set by Rome for the bank led by CEO Andrea Orcel. UniCredit's presence in Russia is a bone of contention also with the European Central Bank, which last year ordered the Italian lender to hasten its disentanglement.
Italy clears UniCredit's bid for Banco BPM with conditions

3 weeks ago | msn.com | Giuseppe Fonte |Valentina Za

Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
Italy clears UniCredit's bid for Banco BPM with conditions

3 weeks ago | marketscreener.com | Giuseppe Fonte |Valentina Za

ROME (Reuters) -Italy said on Friday it had cleared with conditions UniCredit's takeover bid for rival Banco BPM, with sources saying a speedier exit from Russia was among demands set by Rome for the bank led by CEO Andrea Orcel. UniCredit's presence in Russia is a bone of contention also with the European Central Bank, which last year ordered the Italian lender to hasten its disentanglement.
Italy says to meet NATO spending goal this year by accounting changes

3 weeks ago | msn.com | Giuseppe Fonte |Gavin Jones

Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
Italy may Take 'Golden Power' Decision on Banks on Friday, Minister

3 weeks ago | gurutrade.com | Giuseppe Fonte |Gavin Jones |Alvise Armellini

ROME, April 17 (Reuters) - The Italian government may take decisions using its so-called "golden powers" to set conditions over bank takeovers at a cabinet meeting on Friday, Economy Minister Giancarlo Giorgetti said. Giorgetti's comment, made at the launch of a business magazine in Rome on Thursday, comes as Italy's second largest bank UniCredit prepares to launch a 14 billion-euro ($16 billion) all-share bid for smaller peer Banco BPM.