Italy's richest man Giovanni Ferrero said that chocolate company Ferrero SpA has no plans to go public or sell out to a bigger rival. Ferrero unveiled his company's vision to expand in Asia and the US in the next decade.
Russia's state-backed private equity investment fund and Italy's strategic state investment fund have agreed a deal to invest up to 1 billion euros ($1.35 billion) in companies and projects in the two countries, officials said on Monday.
The Wall Street Journal said private equity firms may soon be returning to Spain and Italy. The report cited data from Preqin and the information presented given by several sources.
Italian bank UniCredit said on Thursday that it may consider selling its indirect stake in professional football team Associazione Sportiva (AS) Roma, although no decision had yet been made.
European private equity group 21 Partners agreed to purchase French pharmaceutical manufacturing company Synerlab from premium independent private investment firm Ardian for an undisclosed amount.
French elderly care company Korian bought rival Medica for EUR1.1 billion. The post-merger group would become the top nursing home operator in France, Germany and Belgium and second in Italy.
Giorgio Olivato, vice chairman of a foundation that is Monte Paschi's largest shareholder, has resigned from office for unknown reasons. Sources, however, said that Olivato opposed the foundation's plan to sell its stake in the Italian bank.
State-controlled Russian airline Aeroflot told Reuters the company will neither buy nor financially aid Italian airline Alitalia despite being repeatedly named by Italian officials as a potential backer.
Italian life and non-life insurance company Generali bought a 40% stake in Generali Asia for EUR40 million. Generali Asia is a joint venture of Generali and Banca della Svizzera Italiana in Switzerland.
Apple Inc was not a stranger to claims by foreign governments who insisted that the Cupertino, California-based company had used specific accounting practices in order to avoid paying hefty taxes.
The assets it owns in Argentina as well as towers in Italy and Brazil are but some of the assets seeking Telecom Italia seeks to unload.
Vimpelcom's third quarter earnings affected by African and Asian regulations as well as Italy's fee charging ceiling for use of competitor networks.
Dover Corp acquired industrial manufacturer Finder SpA for USD145 million.
Some say the Euro is overvalued while others claim it is not.
The five year ban on holding public office for Silvio Berlusconi was upheld but reduced from five years to two years.
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