*Vivendi now owns 14.9 pct of Telecom Italia. PARIS, June 24- Vivendi said on Wednesday it raised its stake in Telecom Italia to 14.9 percent, replacing Telefonica as its biggest shareholder and gaining a foothold in a country it said had significant growth prospects. With Telecom Italia seen by sector executives and bankers as a potential takeover target,...
*M&A speculation boosts Burberry, Mediaset. Burberry was flagged by Goldman Sachs among shares on its "conviction buy" lists for which its sees a bid probability of 30 percent or more. Italian media group Mediaset rose 2.2 percent after Mediobanca tipped it as a bid target for France's Vivendi.
*M&A speculation boosts Burberry, Mediaset. Burberry was flagged by Goldman Sachs among shares on its "conviction buy" lists for which its sees a bid probability of 30 percent or more. Italian media group Mediaset rose 2.8 percent after Mediobanca flagged it as a bid target for France's Vivendi.
MILAN, March 28- Switzerland's Dufry has agreed to buy a majority stake in World Duty Free in deal which values the Italian firm at 3.6 billion euros and will makes it by far the world's biggest travel retailer. Edizione, the holding company owned by the Benetton family and controlling World Duty Free, said on Saturday it was selling its 50.1 percent stake in the...
*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 closed mixed on Friday, with Italian banking stocks and the health care sector weighing on wider benchmarks.
Europe's banking health check has shown countries and lenders are implementing global capital rules at vastly different speeds.
Europe's stock markets closed lower after a closely-watched German economic report came in weaker than expected.
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.
European equities closed narrowly lower in a choppy trading session on Monday.
Trouble at the top in Italy is not confined to its politicians.
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.
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.
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.
European shares closed lower on Tuesday as markets await the outcome of a critical vote in Cyprus to tax bank deposits.
Bank stocks held European shares below 4-1/2 years highs on Monday, depressed by a worsening outlook for Italy's public finances.
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.
European shares closed higher on Monday, but Italian shares closed firmly in the red after political uncertainty surfaced, with Prime Minister Mario Monti announcing he will step down before his term ends.