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Mediobanca Banca di Credito Finanziario SpA

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  • *Pirelli shareholder Camfin says in talks with industrial partner. MILAN, March 20- China National Chemical Corp is close to becoming the biggest single shareholder in Pirelli in a deal that would trigger a 7 billion euro buyout of the Italian tyre company. Three sources familiar with the deal, which would be the latest in a string of Chinese investments in large...

  • *Pirelli shareholder says in talks with industrial partner. MILAN, March 20- China National Chemical Corporation is close to striking a deal with the top shareholder in Pirelli that could see it take control of the Italian tire company, two sources familiar with the matter said on Friday. Earlier on Friday Camfin said it was in talks with "an international...

  • MILAN, Feb 24- Italian aerospace and defence group Finmeccanica has agreed to sell its rail business to Hitachi Ltd in a deal which will cost the Japanese conglomerate up to 1.9 billion euros and cut Finmeccanica's debt by 15 percent. For Hitachi the acquisition will give it a stronger foothold in Europe where it competes with the world's top three train makers-...

  • European shares pause for breath before ECB decision Thursday, 22 Jan 2015 | 6:44 AM ET

    PARIS/ LONDON, Jan 22- European shares paused on Thursday after a sharp five-day rally as investors waited to see the size and shape of a bond-buying programme the European Central Bank is expected to unveil later. Euro zone banks have been among the top gainers ahead of today's ECB meeting, with Societe Generale, UniCredit and Mediobanca all up about 11 percent in...

  • MILAN, Jan 22- China's central bank is continuing to invest in Italian companies, its governor was quoted as saying in a leading Italian daily on Thursday, after People's Bank of China built holdings in several Italian blue-chips over the past year. "We continue to buy stakes in Italian companies, but now we're careful to remain below the 2 percent threshold so that...

  • *Italy's credit downgrade weighs on sentiment. PARIS, Dec 8- European shares fell early on Monday, trimming some of the previous session's sharp gains after soft macro data from China and Japan. "Italy's downgrade is a good reminder that Europe is far from being out of the woods.

  • *Enel selling Endesa shares at 13.5- 13.8 euros- sources. *Enel selling minimum of 17 pct of Endesa. MILAN, Nov 19- Italy's biggest utility Enel is on track to raise up to 3.2 billion euros from the sale of shares in its Spanish subsidiary Endesa, three sources with knowledge of the deal said on Wednesday.

  • MILAN/ LONDON, Nov 5- Italy's Monte dei Paschi di Siena is likely to tap investors for up to 2.5 billion euros next year to fill a capital shortfall laid bare by recent stress tests, pay back state aid and prepare itself for a possible takeover, banking sources said. The future of Italy's third biggest bank, the world's oldest, has been hanging in the balance after a...

  • LONDON, Oct 27- Europe's banking health check has shown countries and lenders are implementing global capital rules at vastly different speeds, and 36 companies would have failed if new capital rules were fully applied. Europe had gained credibility, said Karen Petrou, co-founder of Federal Financial Analytics in Washington. Federal Reserve was still...

  • LONDON, Oct 27- Europe's banking health check has shown countries and lenders are implementing global capital rules at vastly different speeds, and 36 firms would have failed if new capital rules were fully applied. The euro zone is lagging behind countries outside the bloc in implementing the Basel III capital rules that are due to come into full force in 2019,...

  • LONDON, Oct 26- Some 24 European banks failed a "stress test" of their capital strength conducted by the European Banking Authority. Under the EBA's healthcheck, banks needed to hold common equity of 5.5 percent or more of their risk-weighted assets under a stressed 3- year recession scenario as at the end of 2013. Any bank falling short of that level needs to take...

  • Italy to launch privatization drive with Fincantieri Tuesday, 6 May 2014 | 4:41 AM ET
    The Costa Fascinosa, built at Fincantieri's Marghera shipyard.

    Fincantieri will apply to list in Milan as early as Tuesday, in what officials predict will be Italy's largest privatization program since the 1990s.

  • Europe stocks close near record highs Monday, 28 Oct 2013 | 11:30 AM ET

    European equities closed narrowly lower in a choppy trading session on Monday.

  • Italian companies implode amid government turmoil Monday, 30 Sep 2013 | 4:13 AM ET

    Trouble at the top in Italy is not confined to its politicians.

  • Telecom Italia investors in talks to do... nothing Friday, 20 Sep 2013 | 11:04 AM ET
    Pedestrians pass a Telefonica SA fixed-line public telephone in Madrid, Spain

    Telefonica is in talks with the Italian core shareholders in Telecom Italia to keep the same ownership structure for another six months, two sources told Reuters.

  • Telecom Italia up as mammoth deal reshapes sector Monday, 2 Sep 2013 | 4:15 AM ET

    Shares in Telecom Italia rose 3 percent in early trade on Monday, amid renewed speculation it may join a sector merger wave as Verizon Communications and Vodafone were set to announce a $130 billion deal.

  • An attendee pauses in front of a display at a Mediobanca meeting.

    Mediobanca, under pressure to improve returns for shareholders, plans to sell almost all of its stakes in major companies, ending half a century of influence at the heart of Italian business to focus on banking.

  • Europe Shares Close Down Ahead of Cyprus Vote Tuesday, 19 Mar 2013 | 12:33 PM ET

    European shares closed lower on Tuesday as markets await the outcome of a critical vote in Cyprus to tax bank deposits.

  • Banks Halt European Share Rally on Italian Debt Scare Monday, 11 Mar 2013 | 11:45 AM ET

    Bank stocks held European shares below 4-1/2 years highs on Monday, depressed by a worsening outlook for Italy's public finances.

  • Grillo's Rise May Threaten Berlusconi's Media Empire Thursday, 7 Mar 2013 | 6:29 AM ET
    Silvio Berlusconi

    An alliance between Beppe Grillo's anti-establishment 5-Star Movement and Italy's center-left could pave the way for tough conflict of interest rules, forcing Silvio Berlusconi to choose between politics or his vast media empire.