New York-based BlackRock Inc said civil proceedings were started by Italy's securities regulator against Nigel Bolton, one of its money managers, over the trade of Saipem's shares last year, Bloomberg reported.

Canadian Solar Solutions Inc, a unit of Canadian Solar Inc (CSIQ), has concluded the sale of Mississippi Mills solar power plant in Ontario, Canada for over $57.4 million (C$61 million).

Popolare Vicenza Chairman Gianni Zonin told an Italian daily that Banca Popolare di Vicenza intends to grow its branches to a thousand from its current 690 through acquisitions.

India-based integrated components manufacturer Amtek Auto agreed to acquire significant business interests in Germany-based integrated machine manufacturer Kuepper group in a deal reportedly valued at €200 million.

The Irish Aviation Authority has spent €20 million to buy a 6% stake in Virginia, US-based air traffic surveillance firm Aireon LLC, as part of an agreement with Italy and Denmark to invest in the new service.

Italian spin-off AdEspresso raised $500,000 in seed funding from institutional and angel investors, for its Facebook ad optimization service for small and medium businesses (SMBs).

Fondazione Monte dei Paschi, Banca Monte dei Paschi di Siena's top shareholder, is reportedly nearing a deal to divest its 20% stake in the Italian bank to three other banking foundations and a group of investment funds.

Turin, Italy-based car maker Fiat SpA restarted negotiations to purchase the remaining shares of US-based auto manufacturer Chrysler Group LLC, according to sources familiar with the matter.

German Efromovich, the owner of Colombian flag carrier Avianca, is reportedly looking to acquire Italian airline Alitalia or Polish flag carrier LOT Polish Airlines. Efromovich seeks to boost his presence in Europe.

Italy's state backed Fondo Strategico Italiano (FSI) and private equity firm CCMP Capital are leading the race to secure a minority stake in Italian luxury goods group Versace.