Chief Financial Correspondent, Italy, Milan
Lisa's Feed
Sep 18, 2014
Sep 2, 2014
Sep 2, 2014

Two bidders in talks with UniCredit over bad loan unit-sources

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.

Aug 29, 2014

EU ministers discuss firmer action on Russia over Ukraine

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.

Aug 29, 2014

EU ministers discuss new response to Russia over 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.

Aug 28, 2014

Telecom rivals battle for Vivendi’s Brazil broadband unit

PARIS/MILAN (Reuters) – The battle over Brazil’s telecoms market intensified on Thursday as European competitors Telecom Italia and Telefonica made rival offers for Vivendi’s Brazilian broadband business GVT.

Vivendi, which will examine the bids at a Thursday board meeting, must now choose whether to exit its last remaining telecom business after selling off its French and Moroccan mobile operations to focus more on media.

Aug 8, 2014

China central bank pushes on with Italy stake acquisitions

MILAN (Reuters) – Unfazed by Italy’s gloomier economic outlook, China’s cash-rich central bank is snapping up stakes in high-profile Italian companies and has invested around 3 billion euros in blue-chip firms as it seeks to diversify beyond government debt.

Filings from stock market watchdog Consob showed on Friday that the People’s Bank of China now owns 2.014 percent of Generali (GASI.MI: Quote, Profile, Research, Stock Buzz), Italy’s biggest insurer and Europe’s third-largest sector player by market capitalization. The stake is worth 471 million euros at current market prices.

Aug 3, 2014
Jul 31, 2014

Italy rebound helps lift Generali’s operating profit

MILAN, July 31 (Reuters) – Generali posted a 20.4
percent increase in operating profit in the second quarter
helped by a shift towards higher-margin insurance products and a
surprisingly strong performance in crisis-hit Italy.

The second quarter marked the end of an intense phase of
disposals, a centerpiece of CEO Mario Greco’s turnaround
strategy, that have helped Generali boost its capital base.

Jul 15, 2014
    • 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
    • More from Lisa

    • Contact Lisa

    • Follow Lisa