Chief Financial Correspondent, Italy, Milan
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Jun 11, 2013

Generali sells Mexican assets to Banorte for $858 mln

MILAN, June 11 (Reuters) – Generali SpA Chief
Executive Officer Mario Greco took another step towards meeting
a 4 billion euro ($5.3 billion)disposal target, agreeing to sell
out of two Mexican companies for $858 million.

The Italian insurer said it would bag a net capital gain of
500 million euros from the sale of 49 percent stakes in Seguros
Banorte Generali, the larger or the two assets, and Pensiones
Banorte Generali to Grupo Financiero Banorte, Mexico’s No.4

Jun 5, 2013

Tronchetti to retain grip on Pirelli with Camfin bid

MILAN (Reuters) – A group of investors led by Pirelli (PECI.MI: Quote, Profile, Research, Stock Buzz) Chairman Marco Tronchetti Provera will launch a takeover bid for the company that controls the Italian tire maker, in a move that will consolidate the executive’s grip on the business.

Tronchetti’s consortium will offer 0.8 euros a share to take full control of Camfin (CAMI.MI: Quote, Profile, Research, Stock Buzz), it said on Wednesday.

Jun 4, 2013
Jun 4, 2013

Generali sells U.S. unit to Scor in $920 million deal

MILAN/PARIS (Reuters) – Italy’s biggest insurer Generali (GASI.MI: Quote, Profile, Research, Stock Buzz) said on Tuesday that it had agreed to sell its U.S. life reinsurance business to France’s Scor (SCOR.PA: Quote, Profile, Research, Stock Buzz) for total proceeds of $920 million as part of its strategy to shed non-core assets.

The deal, under which Scor is paying 579 million euros ($750 million) in cash plus an additional amount for whatever the unit earns this year before the deal’s expected completion in the second half, will make Scor the largest U.S. life reinsurer.

May 29, 2013
May 29, 2013

Italy steel manufacturers look abroad to cope with ILVA crisis

MILAN, May 29 (Reuters) – Italian manufacturers have started
to turn to foreign makers of flat steel, fearing supply
disruptions at crisis-hit ILVA, their usual provider now mired
in an environmental and corruption inquiry.

The giant ILVA plant in the southern town of Taranto, which
makes 40 percent of Italy’s steel, is at the centre of a
judicial probe over its toxic emissions.

May 29, 2013
May 24, 2013
May 21, 2013
May 16, 2013
    • 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:
      English, Italian, French, German, Dutch, Spanish
      2010 Reuters Star Performer Award
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