MILAN/ROME Italy's sovereign wealth fund is manoeuvring to pull off a multibillion-euro telecoms merger and end a prolonged corporate stalemate that has held up Rome's plans to create a national broadband network, sources say.
LONDON/MILAN Atlantia, backed by the Benetton family, has hired Goldman Sachs and Mediobanca to sell a 30% stake in its toll-road payment unit Telepass as it seeks to pay down debt and fund growth after buying Spain's Abertis, five sources said.
MILAN/MADRID Italy's Ferrero is famous for its red-and-white Kinder chocolate eggs. But soon it may hope to be able to slap more green on the wrapper.
MILAN No Italian bank is interested in taking over Banca Carige without financial support from the government, the chief executive of Italy's third-largest lender Banco BPM said on Wednesday.
ROME/MILAN Italian state lender Cassa Depositi e Prestiti (CDP) is set to tighten its grip on payment services group SIA, increasing the chances of a potential tie-up with SIA's bigger rival Nexi at a later stage, sources said on Wednesday.
* Rome offers 70% tax breaks to Italians returning from
LONDON/MILANInvestment firms, including buyout fund EQT, are flocking to Milan to develop closer ties with Italy Inc, where cash-starved family-owned companies are increasingly seeking foreign capital to boost growth.
LONDON/MILAN/FRANKFURT Four private equity firms are looking to submit final bids for Italian chemicals firm Industria Chimica Emiliana (ICE) in a deal valued at about 600 million euros ($673 million), sources familiar with the matter told Reuters.