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MILAN, Sept 2 (Reuters) – UniCredit has
shortlisted Lone Star and a consortium comprising Italy’s
Prelios and Fortress Investment Group for the sale of its
bad-loan management unit, and is expected to pick a bidder by
mid-October, five sources with direct knowledge of the situation
The sale, which could yield UniCredit around 700-800 million
euros, is part of the bank’s plan to raise capital and
strengthen its balance sheet through asset sales ahead of a
Europe-wide bank asset review by the European Central Bank.
MILAN (Reuters) – European Union foreign ministers considered on Friday the options for firmer action against Russia over the Ukraine crisis, discussing tougher sanctions but leaving any decision to their national leaders.
Ministers attending the informal meeting in Milan spoke of possibly toughening an arms embargo, extending the list of individuals or sectors targeted by economic sanctions and sending military equipment to Ukraine.
MILAN (Reuters) – European Union foreign ministers met in Italy on Friday to find what a diplomatic source said would be a clear message on sanctions for EU heads of states to make to Russia over its actions in Ukraine.
EU leaders meet at a summit in Brussels on Saturday.
The five-month conflict in Ukraine reached a dangerous point this week after NATO said on Thursday that well over 1,000 Russian troops had crossed the Ukrainian border and were fighting alongside pro-Moscow separatists.