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l'Italia has made the Italian government a new offer to settle a long-running dispute and prevent its concession being withdrawn, sources familiar with the matter said late on Tuesday.