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…]
Category: Italy
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…]
Café Barbera brews up excitement with Saudi Arabia expansion
In a bid to bring a taste of Italy to the heart of Saudi Arabia, Café Barbera has announced a bold new partnership with Big [more…]
Hong Kong’s CK Hutchison terminates telecom venture with Swedish private equity
CK Hutchison Holdings, a key player in Hong Kong’s business landscape and the flagship company of billionaire Li Ka-shing, has announced the termination of its [more…]
Qatar clinches a 27-year gas supply agreement with Eni, the Italian energy giant
In a significant move that underlines the growing demand for alternative energy sources in Europe, QatarEnergy, the state-owned energy company of Qatar, has announced a [more…]
Glencore considering alternative locations for recycling hub following Italy’s rejection of fast-track approval
Glencore Plc, a Switzerland based global mining and commodity trading powerhouse, is a name synonymous with the resource industry. With a diversified portfolio spanning minerals, [more…]
The Italian foreign minister has expressed dissatisfaction with the outcomes of the Belt and Road deal with China
Italy’s top diplomat, Foreign Minister Antonio Tajani, expressed disappointment with the controversial investment deal with China ahead of his visit to Beijing, raising speculations of [more…]