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…]
Category: Italy
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…]
Lufthansa and ITA Airways submit new proposals to EU Commission in bid to secure stake purchase approval
In a bid to address the European Commission’s regulatory concerns, the Italian government and Lufthansa have submitted new proposals regarding the German airline’s planned acquisition [more…]
Kering expands Milan presence with $1.4 billion purchase of Via Montenapoleone building
Kering, the French luxury group behind iconic brands like Gucci and Saint Laurent, is expanding its footprint in the heart of Milan’s exclusive shopping district [more…]
Chery makes history as first Chinese EV maker to establish a plant in Vietnam
In a move that signals the burgeoning electric vehicle (EV) market in Vietnam, automaker Chery has inked a landmark joint venture agreement with local company [more…]
Vodafone’s Italian business sold to Swisscom for €8 billion
In a significant move, Vodafone has agreed to sell its Italian business to Swisscom, the Bern-based telecommunications firm, for a staggering €8 billion in cash. [more…]