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  • The boards of Banca Popolare di Milano and Banca Popolare dell'Emilia Romagna have approved a 5.45 billion euro deal that will create Italy's sixth-largest bank in the continuing consolidation of Italy's banking sector.

  • UniCredit Agrees to Buy Capitalia for $29 Billion Monday, 21 May 2007 | 2:11 AM ET

    Italy's UniCredit has agreed to buy smaller rival Capitalia for more than $29 billion in shares to create Europe's second biggest bank, with branches stretching from Sicily to Eastern Europe.

  • Permira Closes in on Fashion House Valentino Friday, 18 May 2007 | 10:19 AM ET

    Private equity firm Permira is in exclusive talks to buy more than half of famed Italian fashion house Valentino, it said on Friday, dimming the chances of a bid battle with U.S. rival Carlyle.

  • Carlyle to Challenge Permira over Valentino: Source Thursday, 17 May 2007 | 9:43 AM ET

    U.S. private equity firm Carlyle Group is set to challenge Permira for control of Valentino by offering 36 euros per share, a financial source said, sending shares in the Italian fashion group to a record high.

  • UniCredit, Capitalia Merger Deal Seen at Weekend Thursday, 17 May 2007 | 5:23 AM ET

    The boards of UniCredit and Capitalia may meet as early as Sunday to approve a deal that would create the euro zone's largest bank by market value, Italian newspapers said on Thursday.

  • Permira Buys 29.6% Stake in Fashion Group Valentino Wednesday, 16 May 2007 | 7:02 AM ET

    Permira is to buy a 29.6% stake in Valentino, one of the world's top fashion houses, for 782.6 million euros ($1.06 billion), joining a small number of private equity firms in the luxury brand business.

  • The newly merged Intesa Sanpaolo reported soaring first-quarter profits due to capital gains of about 3 billion euros  ($4 billion) from the sale of its CariParma and FriulAdria units to French bank Credit Agricole.

  • Eni, the Italian oil and gas company, said that its adjusted net profit fell in the first quarter to 2.68 billion euros ($3.61 billion) from 2.954 billion euros as it suffered from a decline in production and the weakening of the dollar against the euro.

  • UniCredit Profit Up 29% in First-Quarter Thursday, 10 May 2007 | 7:00 AM ET

    UniCredit said Thursday that first-quarter net profit rose 29% as the bank benefited from strong growth in Italy and central and eastern Europe. It also said it is looking at merger options, including with Rome-based Capitalia and France's Societe Generale.

  • I was opening up my packs of Donruss' Score Select and I pulled this card. I was excited about who the player was, but I was really angry when I looked at this signature.I guess about 10 years ago, card companies started inserting signature cards in packs, but I have to tell you over the past couple years, the signatures have gotten worse and worse. I don't blame the card companies. They send these athletes a sheet of stickers to sign and in the end, the athletes just get lazy.

  • Telecom Italia said that its first-quarter net profit rose 4.2% to 775 million euros ($1.05 billion) from 744 million euros a year earlier thanks to a slight rise in sales and a fall in taxes.

  • Italian car maker Fiat posted an almost four-fold rise in first-quarter trading profit at its auto unit, beating forecasts, as it squeezed more money from a rise in sales of its smaller city cars, like the Panda.

  • Talking Italian Thursday, 19 Apr 2007 | 4:45 AM ET

    I have had 80’s pop hits buzzing around in my head all morning. Remember that classic of the genre from Bananarama –- Talking Italian?

  • Telecom Italia Suitors Eye Third Each in Olimpia: Sources Thursday, 12 Apr 2007 | 10:40 AM ET

    Italy's Intesa Sanpaolo is discussing a deal with AT&T and America Movil that would see each buy a third of Olimpia, which controls Telecom Italia, sources close to the situation said on Thursday.

  • Investors Wary as Telefonica Seen Heading for Rome Wednesday, 11 Apr 2007 | 10:17 AM ET

    Investors in Telefonica are wary of any move by the Spanish telecoms group to counter a 4.5 billion euro ($6 billion) joint bid for effective control of its long-courted neighbor, Telecom Italia.

  • European Stocks to Watch: Air France-KLM Thursday, 5 Apr 2007 | 6:58 AM ET

    Shares in Air France-KLM increased on Friday after Deutsche Bank upgraded the stock to “buy” from “hold”.

  • Eni, Enel Win YUKOS Auction after Gazprom Deal Wednesday, 4 Apr 2007 | 5:40 AM ET

    Italian energy groups Eni and Enel won a Russian state auction for the gas assets of bankrupt oil firm YUKOS on Wednesday, paying 151.536 billion roubles ($5.83 billion).

  • Aeroflot Joins Unicredit in its Bid for Alitalia Monday, 2 Apr 2007 | 9:57 AM ET

    Unicredit has recruited Russian airline Aeroflot as a partner in the bank's bid to take over struggling Italian airline Alitalia, a bank executive said Monday as the number of bidders narrowed to three.

  • Shares of Italy’s Pirelli soared to 9.67% Monday morning after it revealed late Sunday that it was in talks with U.S. telecom giant AT&T and its Mexican affiliate America Movil to sell two-thirds of its 80% stake in holding company Olimpia for 2.82 euros a share less debt.

  • CNMV Confirms 6-Month Ban on Enel/Acciona Endesa Bid Tuesday, 27 Mar 2007 | 6:03 AM ET

    Spanish market regulator CNMV said it had taken note of Enel and Acciona's joint takeover plan for Endesa and reiterated no bid could be made for six months.