Chief Financial Correspondent, Italy, Milan
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May 8, 2014
May 8, 2014
May 8, 2014

Asset sales boost profit at Italy’s Mediobanca

MILAN, May 8 (Reuters) – Italy’s Mediobanca
returned to a quarterly profit after a year-earlier loss, helped
by asset sales, and stands to earn millions of euros in fees at
its investment bank from a flurry of share issues in its home
market.

The country’s , which is shedding stakes in a raft of
domestic companies to focus on its core banking business, said
on Thursday it had booked capital gains worth 69 million euros
($96.1 million) in its third financial quarter that ended in
March.

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    • About Lisa

      "I have been a correspondent for 13 years, reporting on banks, financial regulation and EU politics from London, Brussels, Zurich and Milan. I have also written about a variety of business sectors, general news, the arts and sport. As Chief Financial Correspondent for Italy, I keep a close eye on top Italian business stories, particularly Fiat and banking."
      Joined Reuters:
      1998
      Languages:
      English, Italian, French, German, Dutch, Spanish
      Awards:
      2010 Reuters Star Performer Award
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