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UniCredit's board is working to pick a new candidate to chair the Italian bank by early January as it prepares to hand Chief Executive Andrea Orcel a new contract in spring 2024, two sources close to...
UniCredit's board is working to pick by early January a new candidate to chair the Italian bank as it prepares to hand Chief Executive Andrea Orcel a new contract in spring 2024, two sources close to...
3 Min Read LONDON (Reuters) - Former Mediobanca dealmaker Francesco Canzonieri has secured regulatory approval to launch a new buyout fund that will invest in mid-sized Italian companies, betting on a rebound in the euro zone’s third biggest economy from the COVID-19 crisis. Francesco Canzonieri poses at Nextalia's headquarters in Milan, Italy in June 2021. FEI/ Nextalia SGR/Handout via REUTERS Canzonieri’s Nextalia has received the green light from the Bank of Italy to manage so-called alternative closed-end investment funds and will make its debut on Italy’s private equity scene a...
By Reuters Staff 2 Min Read MILAN, Feb 18 (Reuters) - Italy’s Banco BPM and the biggest investor in BPER Banca have begun working on a potential merger of the two banks that could be launched in the second half of 2021, La Stampa daily reported, citing unnamed sources. Banco BPM Chief Executive Giuseppe Castagna and Carlo Cimbri, the head of BPER Banca’s top shareholder Unipol , are in talks on the governance such merged entity could have, the paper said. The potential tie-up was spearheaded by Banco BPM Chairman Massimo Tononi and could “count on the support of some important sharehold...