Edition:
United Kingdom

Massimo Gaia

Bad loan manager Fire to boost assets as it considers IPO: CEO

18 Feb 2019

MILAN Italian bad loan investor Fire is looking to add 1 billion euros ($1.1 billion) in assets under management this year as it works towards an eventual stock market listing, its chief executive said.

RPT-Bidders for Italian restaurant chain fret over Rome's Sunday shopping ban plans - sources

18 Oct 2018

MILAN/LONDON, Oct 17 A group of private equity investors bidding for Italy's Old Wild West restaurant chain is fretting over Rome's plans to shut shops on Sundays, four sources familiar with the matter told Reuters, as the ban would undermine the 700 million euro deal.

Bidders for Italian restaurant chain fret over Rome's Sunday shopping ban plans: sources

17 Oct 2018

MILAN/LONDON A group of private equity investors bidding for Italy's Old Wild West restaurant chain is fretting over Rome's plans to shut shops on Sundays, four sources familiar with the matter told Reuters, as the ban would undermine the 700 million euro deal.

UPDATE 1-Italy may widen state guarantee scheme for soured bank debt

05 Oct 2018

MILAN, Oct 5 Italy is considering widening a state guarantee scheme that has helped banks offload a gross 36.5 billion euros ($42 billion) in bad debts, a government document showed on Friday.

Bain Capital wins auction for Italian chemicals firm Italmatch: sources

27 Jun 2018

MILAN/LONDON Bain Capital has won an auction to buy Italian chemicals maker Italmatch, three sources familiar with the matter told Reuters, trumping rival bids from KKR and Cinven.

Italy's 5-Star, League government alarms country's financial sector

18 May 2018

MILAN Italy's incoming government rattled investors with its plans for the financial sector on Friday which industry leaders said could stall a clean-up of bad debt and derail a tentative recovery.

Maire Tecnimont sees opportunities in Algeria energy shake-up

23 Mar 2018

MILAN Maire Tecnimont hopes to pick up business from Sonatrach as the Algerian state-owned energy company's new management starts investing again, the head of the Italian engineer told Reuters.

Intesa's sale of bad loan unit could encourage other Italian banks - sources

15 Jan 2018

MILAN Intesa Sanpaolo's shift in strategy to sell part of its prized bad loan unit could prompt other Italian banks to follow suit with Banco BPM and UBI seen as possible candidates, industry and financial sources said.

Italy's Guala boss puts auction on hold with own bid plan - sources

05 Dec 2017

LONDON/MILAN, Dec 5 The sale of Italian packaging firm Guala Closures has been thrown off track after its chairman and CEO Marco Giovannini attempted to raise cash for a possible management buy-out, sources familiar with the matter told Reuters.

Benetton family seeks to make Ducati motorbikes Italian - sources

20 Jul 2017

LONDON/FRANKFURT/MILAN Italy's Benetton family is vying with motorbike firms and buyout funds for control of Italian motorcycle brand Ducati, which is being sold by Germany's Volkswagen , sources involved in the process told Reuters.

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