Happy Easter to all
MILAN, April 16 (Reuters) – Eager to attract foreign
investors as it slowly emerges from its longest recession in 70
years, cash-strapped Italy Inc. is taking the first steps to end
decades of opaque management and shoddy governance.
Drastic overhauls this week at big state-controlled
companies such as Eni and Enel are just the
latest of a series of changes – some induced by lawmakers, some
by investors – that are gradually transforming the way Italian
MILAN/ROME (Reuters) – Italy’s Banca Monte dei Paschi di Siena (BMPS.MI: Quote, Profile, Research, Stock Buzz) is considering increasing the size of its planned share sale to help it pass a euro-zone wide bank health check and repay state aid this year.
Late on Monday, Italian news agency ANSA said Italy’s third-largest lender was looking to tap investors for up to 5 billion euros ($6.9 billion), more than the 3 billion planned.