Chief Financial Correspondent, Italy, Milan
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May 17, 2014
May 15, 2014

Generali closer to targets with prospective BSI sale

MILAN, May 15 (Reuters) – Italian insurer Generali
expects to meet key capital and asset sales targets ahead of
time after kicking off talks with Brazil’s BTG Pactual for a
possible sale of Swiss unit BSI, a central plank of its
4-billion-euro disposal strategy.

Europe’s No.3 insurer by market value followed up on the
announcement of exclusive sales talks late on Wednesday by
posting a 9.4 percent rise in first-quarter net profit on
Thursday, a further sign that CEO Mario Greco’s drive to exit
non-core businesses and focus on insurance is working.

May 14, 2014

Brazil’s Grupo BTG Pactual in talks with Italy’s Generali over BSI sale

SAO PAULO, May 14 (Reuters) – Grupo BTG Pactual SA, Latin
America’s largest independent investment bank, is in exclusive
talks to buy wealth management firm BSI from Italian insurer
Generali SpA, according to a statement Wednesday by
Generali.

The announcement came at the end of a Generali board meeting
prior to the Italian company’s release of first-quarter earnings
early Thursday.

May 13, 2014

Anti-graft chief to oversee Italy’s Expo after arrests

MILAN (Reuters) – Prime Minister Matteo Renzi has enlisted the head of Italy’s new anti-bribery authority to salvage preparations for Milan’s Expo 2015 world fair after a corruption scandal that risks disrupting the lucrative event.

Seven former lawmakers, managers and public officials were arrested last week over alleged attempts to influence public tenders for the fair, which Italy hopes will attract 20 million visitors and help bolster a still feeble economic recovery.

May 13, 2014
May 9, 2014
May 8, 2014
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.

    • 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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