Italy

Enel Green Power to sell stake in N. America assets for $440 million

MILAN - Italy's Enel Green Power has agreed to sell a 49 percent stake in a newly created company holding its North American renewable energy assets to GE Energy Financial Services for around $440 million in a bid to fund growth.

Vatican near deal on financial information sharing -source

VATICAN CITY - The Vatican and Italy are close to reaching an agreement to share financial and tax information in the aim of cracking down on money-laundering and other illicit behavior, a senior Vatican official said on Tuesday.

31 Mar 2015

Italy's Agnellis eye sale of U.S. property firm Cushman & Wakefield

TURIN - Exor , the Italian investment holding company controlled by the Agnelli family, is considering a possible sale of Cushman & Wakefield, the world's third-largest real estate company, and could have a clearer picture in the next month or so, Exor's chairman, John Elkann, said on Tuesday.

Deals, 31 Mar 2015

Yoox buys Richemont's Net-a-Porter in all-share deal

PARIS/MILAN - Italian online fashion retailer Yoox has bought Net-a-Porter, its upmarket rival, in an all-share deal that creates an industry leader in the booming online luxury market, with combined sales of 1.3 billion euros ($1.4 billion).

Tech, Deals, 31 Mar 2015

U.S. SEC accuses financier Lynn Tilton of defrauding investors

WASHINGTON - U.S. regulators on Monday accused flamboyant New York financier Lynn Tilton and her advisory business of defrauding investors by hiding poor performance of assets underlying three collateralized loan obligation funds.

Treading boldly: China's Ren builds global chemicals group

BEIJING - Ren Jianxin, the architect behind China National Chemical Corp's $8 billion bid for Italian tiremaker Pirelli , is rare among Chinese state company bosses: he gets the importance of markets and the limits of government assistance.

Deals, China, 30 Mar 2015

Sollecito may seek compensation after Kercher murder acquittals

ROME - Amanda Knox's ex-boyfriend Raffaele Sollecito may seek reparations after his second acquittal for the 2007 murder of British student Meredith Kercher brought to an end a marathon journey through Italy's justice system.

World, 30 Mar 2015

Dufry details $4 billion fundraising plan for WDF buy

ZURICH - Dufry AG has fleshed out plans for its takeover of Italy's World Duty Free SpA (WDF) , as the Swiss company seeks to consolidate its position as the biggest player in the fast-growing airport retail sector.

Deals 30 Mar 2015

Yoox could unveil deal to buy Net-a-Porter this week: sources

PARIS/NEW YORK - Italian online fashion retailer Yoox could unveil a deal to buy Richemont's Net-a-Porter as early as this week, sources close to the matter told Reuters at the weekend.

Deals, 29 Mar 2015

Qatar’s QIA to partly fund Dufry’s purchase of WDF: sources

MILAN/DOHA - Qatar Investment Authority is partly financing Swiss travel retailer Dufry's 1.3 billion-euro purchase of a majority stake in smaller Italian rival World Duty Free, according to three sources close to the matter.

Deals, 29 Mar 2015
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Iran nuclear talks extended; Russia says deal within reach

LAUSANNE, Switzerland - Six world powers and Iran met again on Wednesday in a bid to reach a preliminary accord on reining in Tehran's nuclear program, after failing to agree crucial details such as the lifting of U.N. sanctions by a midnight deadline. | Video