United Kingdom

Andrea Mandala

Carige rescue plan takes step forward on eve of ECB deadline: sources

24 Jul 2019

ROME/MILAN The rescue of sickly Italian lender Carige took a step forward on Wednesday when key players struck a framework deal over an equity fundraising, sources said, a day before a deadline set by the European Central Bank to avert winding the bank down.

Italian banks ready to avert another Carige funding failure: sources

17 Jul 2019

MILAN Italian banks are set to fund the bulk of a 900 million euro ($1.01 billion) rescue plan for troubled regional lender Carige in a last-ditch attempt to avert liquidation, three sources close to the matter said.

Italian bank Creval to shed bad loans as M&A beckons

18 Jun 2019

MILAN Italian mid-sized bank Creval said on Tuesday it would shed risky assets and streamline its business in an effort to become more attractive to a potential merger partner.

Banks put 9 euro per share price on Italy's Nexi IPO: sources

11 Apr 2019

MILAN Italian payment group Nexi's initial public offering has been priced at 9 euros per share in a 2 billion euro deal set to be one of Europe's biggest IPOs this year, sources close to the process said.

ECB extends deadline for binding bids for Italy's Carige to mid-May: sources

11 Apr 2019

MILAN The European Central Bank has pushed back a deadline to submit binding bids for troubled Italian lender Carige to mid-May so as to give a specialist fund run by BlackRock more time, two sources familiar with the matter said.

U.S fund Varde drops out of bidding for Italian bank Carige: source

02 Apr 2019

MILAN U.S. fund Varde Partners has pulled out of the bidding for troubled Italian bank Carige, a source said on Tuesday, leaving a specialist fund run by BlackRock as the only potential buyer still known to be considering a bid.

Debt-laden payments firm Nexi draws strong demand on first day of IPO

29 Mar 2019

MILAN Italian payments group Nexi's initial share sale drew strong investor demand on its first day, with bookrunners saying orders exceeded the amount on offer in what is likely to be one of Europe's biggest listings this year.

UPDATE 1-BlackRock, Varde set to submit bids for Italy's Carige -sources

25 Mar 2019

MILAN, March 25 U.S. funds Varde Partners and BlackRock plan to submit rival bids for troubled Italian lender Banca Carige by mid-April, three sources close to the matter said on Monday.

UPDATE 1-Italian bank Creval changes CEO to prepare new business plan

25 Feb 2019

MILAN, Feb 25 Italian mid-sized bank Creval said on Monday that its chief executive Mauro Selvetti had resigned and would be replaced by chairman Luigi Lovaglio, as shareholders seek a change of strategy.

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