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 Resisting Calls From Pirelli to Tighten Curbs on Chinese Shareholder, Sources Say

2 days ago | money.usnews.com | Giuseppe Fonte |Giulio Piovaccari

By Giuseppe Fonte and Giulio PiovaccariROME (Reuters) -The Italian government is resisting calls from Pirelli's executive vice-chairman Marco Tronchetti Provera to tighten curbs imposed on the tyremaker's Chinese investor, sources said. Chinese state group Sinochem is Pirelli's largest investor with a 37% stake, while Tronchetti Provera's Camfin vehicle holds a 27.3% shareholding. Tronchetti Provera has been the company's top boss for more than three decades.
Italy calls on EU to allow deficit leeway for defence spend over 20-30 years

2 days ago | reuters.com | Angelo Amante |Giuseppe Fonte

Italy's Defence Minister Guido Crosetto gestures during an interview with Reuters, in Rome, Italy, December 16, 2022.
Italy stands by terms imposed on UniCredit-Banco BPM deal

1 week ago | today.westlaw.com | Giulia Segreti |Giuseppe Fonte |Giselda Vagnoni |Enrico Sciacovelli

ROME (Reuters) -Italy's Treasury said on Friday it sent a letter to UniCredit confirming the "full legitimacy" and feasibility of the terms it has imposed on the bank's bid for Banco BPM under its so-called golden powers. In the letter, it said that...
Gulf firms approach Italy to buy UniCredit's Russia business, document shows

1 week ago | zawya.com | Giuseppe Fonte

Three companies based in the United Arab Emirates have approached the Italian Treasury with a proposal to buy the Russian operations of UniCredit at a steep discount, a document seen by Reuters showed. UniCredit is under pressure both from the European Central Bank and Italy's government to quit Russia, where it runs a commercial lender. It has so far resisted leaving at a loss, insisting instead on a gradual disengagement. This month it targeted ending its Russian retail business by mid-2026.
Italy Finance Minister says could quit as government splits on UniCredit

1 week ago | marketscreener.com | Giuseppe Fonte |Angelo Amante

Published on 05/28/2025 at 09:03 ROME (Reuters) -Italian Economy Minister Giancarlo Giorgetti said on Wednesday he would resign if he were overruled on "golden power" conditions the government has tied to UniCredit's bid for smaller bank Banco BPM. Giorgetti, from the hard-right League party, was speaking after reports in Italian newspapers, citing government sources, suggested that changes in the conditions were possible, but were being resisted by the minister.
Italy economy minister says would quit if defied on UniCredit-BPM deal

1 week ago | msn.com | Giuseppe Fonte

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 economy minister says would quit if defied on UniCredit-BPM deal

1 week ago | reuters.com | Giuseppe Fonte

ROME, May 28 (Reuters) - Italian Economy Minister Giancarlo Giorgetti said on Wednesday he would resign if he were overruled on "golden power" conditions the government has tied to UniCredit's (CRDI.MI), opens new tab bid for smaller bank Banco BPM (BAMI.MI), opens new tab. Giorgetti was speaking in the Senate after reports in Italian newspapers, citing government sources, suggested that changes in the conditions were possible, but were being resisted by the minister. Sign up here.
Italy Economy Minister says would Quit if Defied on UniCredit-BPM Deal

1 week ago | gurutrade.com | Giuseppe Fonte |Alvise Armellini |Gavin Jones

ROME, May 28 (Reuters) - Italian Economy Minister Giancarlo Giorgetti said on Wednesday he would resign if he were overruled on "golden power" conditions the government has tied to UniCredit's bid for smaller bank Banco BPM. Giorgetti was speaking in the Senate after reports in Italian newspapers, citing government sources, suggested that changes in the conditions were possible, but were being resisted by the minister.
Gulf firms approach Italy's Treasury to buy UniCredit's Russian assets, document shows

1 week ago | zawya.com | Giuseppe Fonte

ROME: Three companies based in the United Arab Emirates have approached the Italian Treasury with a proposal to buy the Russian operations of UniCredit at a steep discount, a document seen by Reuters showed. Under the plan, Dubai-based investment firms Asas Capital and Mada Capital would set up a special purpose vehicle and team up with Inweasta, an investment firm which already operates in Russia, the document showed. News of the proposal was first reported by Italian daily Il Messaggero.
Gulf firms approach Italy to buy UniCredit's Russia business, document shows

1 week ago | marketscreener.com | Giuseppe Fonte

Published on 05/28/2025 at 04:08, updated on 05/28/2025 at 10:54 ROME (Reuters) -Three companies based in the United Arab Emirates have approached the Italian Treasury with a proposal to buy the Russian operations of UniCredit at a steep discount, a document seen by Reuters showed. UniCredit is under pressure both from the European Central Bank and Italy's government to quit Russia, where it runs a commercial lender.