Shorouk Express Earlier this year, Italy used foreign investment screening powers — or “golden power” — to impose harsh conditions on UniCredit’s bid for BPM. UniCredit appealed the decision claiming that the conditions are disproportionate and effectively prevent it from doing the deal. The court said on Saturday that the government should review two of…
Shorouk Express The government is keen to ensure that Generali, which last month agreed to combine its asset management business with that of France-based Natixis, keeps its appetite for Italian sovereign debt at a time when Rome needs to borrow nearly €1 billion a day. The Trieste-based conglomerate is the government’s largest private-sector creditor. Rome…
Shorouk Express ROME — Italy’s UniCredit has bought a stake in insurance giant Generali Group, according to two people familiar with the matter, adding another twist to a byzantine banking battle brewing in Italy’s north. Generali is in the crosshairs of several competing groups, including the Rome-allied billionaire Del Vecchio and Caltagirone families, as well as…
