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Maria Pia Quaglia

Mediolanum says Mediobanca stake no longer strategic

29 Jan 2020

MILAN Italian asset manager Banca Mediolanum said on Tuesday its 3.3% stake in Mediobanca was no longer strategic, given the uncertainty over the bank's future governance after billionaire Leonardo Del Vecchio became its top investor.

Exclusive - Banks face new challenges in Italian diamond scandal

18 Jun 2019

MILAN A long-running criminal probe into diamond sales by Italian banks has uncovered what prosecutors say is further evidence of corruption by officials at UniCredit, Italy’s largest lender, and smaller rival Banco BPM. | Video

BlackRock seeks 30 percent stake in Intesa's asset manager: sources

22 Jun 2018

LONDON BlackRock aims to buy a 30 percent stake in Intesa SanPaolo's asset management unit as it seeks greater influence over Italy's second-largest fund house, sources familiar with the matter said.

BlackRock seeks 30 pct stake in Intesa's asset manager-sources

22 Jun 2018

LONDON, June 22 BlackRock aims to buy a 30 percent stake in Intesa SanPaolo's asset management unit as it seeks greater influence over Italy's second-largest fund house, sources familiar with the matter said.

Aperitif, anyone? Spirits firms chase cocktail for growth

30 May 2018

MILAN/LONDON Drinks companies are converging on an unusual cocktail recipe: less alcohol. | Video

In Italy, activist investors find a happy hunting ground

29 Mar 2018

MILAN When U.S. activist investor Elliott Advisers laid siege to Italy's dominant phone company this month, a shiver went through the country's corporate sector.

Fund investors deflate tyremaker Pirelli's IPO price hopes

14 Sep 2017

MILAN/LONDON Tyremaker Pirelli has given up on what sources say was an initial valuation goal of 9 billion euros ($11 billion) ahead of its return to Milan's stock market next month, after several fund managers baulked at paying such a lofty price.

Analysis: Fund investors may puncture tyremaker Pirelli's hopes on IPO price

14 Sep 2017

MILAN/LONDON Tyremaker Pirelli may struggle to get the 9 billion-euro ($11 billion) valuation sought by its owners on its return to Milan's stock market next month, with several fund managers saying they will not invest if it is valued at more than 7.5 billion euros.

Campari's U.S. push lifts earnings, shares hit record high

09 May 2017

MILAN Campari's strategy shift to focus more on the U.S. market helped the drinks group to report stronger than expected first-quarter earnings, lifting its shares to a record high.

Bubble risks loom for Italy's small caps as new fund scheme sparks rally

04 May 2017

MILAN Italian banks and asset managers are rushing to tap a 10 billion-euro ($11 billion) wave of money expected to flow into small- and mid-caps, as clients seek tax breaks on investments in a government-sponsored plan, potentially creating a bubble.

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