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Stephen Jewkes

Atlantia picks Partners Group for talks on Telepass sale

07 Aug 2020

MILAN Italy's Atlantia said on Friday it had picked private equity firm Partners Group to start exclusive talks for the sale of a 49% stake in its toll-road payment business Telepass.

Italy struggles to clinch deal for single broadband network - sources

31 Jul 2020

ROME The Italian government needs more time to broker a deal between former phone monopoly Telecom Italia and state-controlled utility Enel over plans to create a single ultrafast broadband network, three sources told Reuters.

Fiat Chrysler limits COVID losses, sees much better second half

31 Jul 2020

MILAN A small profit in North America helped Fiat Chrysler Automobiles (FCA) to limit losses from the COVID-19 crisis in its second quarter, and the automaker forecast a "much, much better second half" ahead of its planned 2021 merger with France's PSA Group.

Eni cuts dividend after net loss in industry's 'worst-ever' quarter

30 Jul 2020

MILAN Italy's Eni cut its dividend and announced further spending cuts after swinging to an adjusted net loss in what it described as the oil and gas industry's worst-ever quarter.

UPDATE 1-Saipem paints uncertain outlook after Q2 loss on writedowns

29 Jul 2020

MILAN, July 29 Italian energy services group Saipem struck a sombre note for the year after missing forecasts in the second quarter as writedowns pushed it to a net loss of 616 million euros.

Benettons reappoint veteran as chairman of family holding firm

21 Jul 2020

MILAN Italy's Benetton family reappointed trusted advisor Gianni Mion as chairman of its holding company Edizione for a three-year term on Tuesday and said it would seek to appoint a chief executive to map out a new strategy for the group.

Atlantia, CDP pick advisers as investors line up for Autostrade's stake: sources

19 Jul 2020

MILAN Italy's Atlantia has picked Bank of America Merrill Lynch, JP Morgan and Mediobanca to advise on the sale of a stake in its motorway unit, two sources close to the matter said, as suitors line up to invest in its Autostrade per l'Italia unit.

Italy plans listing for Autostrade by early 2021: sources

17 Jul 2020

ROME The Italian government plans to list Autostrade per l'Italia by early next year after forcing through an agreement with the Benetton family to take Atlantia's motorway business under state control, sources close to the matter told Reuters.

Atlantia makes Italy's govt last-ditch offer to save toll road licence

15 Jul 2020

ROME Atlantia's motorway unit Autostrade per l'Italia has made the Italian government a new offer to settle a long-running dispute and prevent its concession being withdrawn, sources familiar with the matter said late on Tuesday.

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