Regulatory roadblocks stall UniCredit deal
UniCredit, Italy’s second-largest bank, is likely to withdraw its high-profile offer to acquire Banco BPM, marking a dramatic turn in one of the country’s most [more…]
Category: Italy
Pirelli initiates steps to reduce Chinese stakeholder power
Pirelli, the renowned Italian tire manufacturer, is on the verge of a significant shift in its ownership structure as it prepares to end the controlling [more…]
Ferrari to raise US prices by 10% amid tariff changes
Your support powers our stories In a bold move, Ferrari, Italy’s iconic luxury sports car manufacturer, revealed plans to increase prices by up to 10% [more…]
Maserati cancels electric MC20 amid weak demand
Your support powers our stories Maserati has decided to halt its plans for an all-electric MC20 Folgore, citing limited demand for battery-powered supercars among its [more…]
UniCredit’s bid for Commerzbank sparks job fears and political tension
Italy’s UniCredit has made a bold move on Commerzbank, one of Germany’s financial heavyweights. With a 9% stake already gobbled up, the Italians are eyeing [more…]
Flutter bets big on Italy with €2.3 Billion Snaitech deal
In a move set to shake up Italy’s gambling scene, Flutter, a gambling giant company, announced on Tuesday that it plans to acquire Italy’s Snaitech [more…]
Lufthansa holds firm amid EU antitrust scrutiny over ITA Airways stake
In the high-stakes world of airline mergers, Lufthansa is holding its ground. The German carrier, eyeing a significant stake in Italy’s state-owned ITA Airways, has [more…]
STMicroelectronics to build chip factory in Sicily
In a move to cut its dependency on China, Europe is taking significant steps to ramp up its semiconductor game. STMicroelectronics, a heavyweight in the [more…]
Luxury retailers pivot as Paris Olympics redirect high-end tourists to London, Milan, and Barcelona
In a twist of Olympic proportions, European luxury retailers are making strategic moves, eyeing deep-pocketed tourists who might bypass Paris this summer to avoid the [more…]
Italy’s Treasury raises €1.4 billion by selling 2.8% stake in energy giant Eni
Italy’s Treasury has successfully sold a 2.8% stake in the energy group Eni, raising approximately 1.4 billion euros ($1.52 billion) as part of its efforts [more…]
