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Stephen Jewkes

Italy PM spokesman threatens vendetta unless Treasury finds welfare funds

Sep 22 2018

MILAN/ROME Italy's prime ministerial spokesman has warned that the anti-establishment 5-Star Movement in the coalition government will sack Treasury officials in a "mega-vendetta" unless they find the resources needed for welfare spending.

UPDATE 1-Iliad bids more than $867 mln for Italy 5G in overseas odyssey

Sep 11 2018

MILAN/PARIS, Sept 11 Iliad has offered at least 749 million euros ($867 million) for spectrum in Italy's fifth-generation mobile auction as it seeks to boost its first venture outside France.

UAE's ADNOC in advanced talks to sell refinery stakes: sources

Aug 24 2018

LONDON/MILAN State-owned Abu Dhabi National Oil Co (ADNOC) is in advanced talks with more than one potential buyer, including Italy's ENI, as it prepares to sell minority stakes in its refining business, two sources familiar with the matter said.

Political risks eclipse Monte dei Paschi's turnaround progress

Aug 03 2018

MILAN Rising political risk in Italy dented Monte dei Paschi di Siena's financial strength in the second quarter, casting a shadow over a nascent recovery at the country's fourth-largest bank.

Generali eyes non-life, asset management acquisitions as cash pile grows

Aug 01 2018

MILAN Italy's top insurer Generali said on Wednesday it was eyeing acquisitions in non-life insurance and asset management as its cash pile grew on the back of disposals and stronger operations.

Enel loses appetite for further acquisitions in Brazil

Jul 31 2018

MILAN Italian utility Enel SpA has called a halt to further acquisitions in Brazil for the time being as it gears up to complete asset sales of up to 1.5 billion euros (1.34 billion pounds)in the second half of the year.

Glennmont gets tentative bids in Italy solar sale: sources

Jul 31 2018

MILAN/LONDON More than ten bidders have made indicative offers for Italian solar plants being sold by Glennmont Partners, three sources said, in a further sign of growing appetite for green energy assets in Italy.

Vivendi weighing options over Telecom Italia

Jul 25 2018

MILAN Telecom Italia's main shareholder Vivendi is very concerned about the situation at the Italian phone group since activist fund Elliott seized board control and is weighing its options, a spokesman for the French media company said.

Saipem eyeing engineering acquisitions in shift away from drilling

Jul 25 2018

MILAN Italian oil services company Saipem said it is considering acquisitions in engineering and construction as it shifts its business away from drilling activity, which has dragged on earnings.

Telecom Italia to review strategic options for subsidiaries

Jul 24 2018

MILAN Telecom Italia (TIM) will press ahead with the sale of its stake in broadcasting unit Persidera while considering broader strategic options for the group's various subsidiaries.

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