Venture Global to Supply LNG to Italy’s Eni Under Landmark U.S.-Italy Energy Agreement
It was announced on Wednesday that Venture Global had reached an agreement to supply two million metric tons of liquefied natural gas (LNG) annually to Eni, the Italian state-controlled energy group. The long-term supply contract was confirmed in coordinated statements from both companies, marking a significant milestone in transatlantic energy cooperation. The deal was described […]
Binance registers with Italy’s regulator amid plans to expand in Europe
Binance said that its legal entity in Italy had registered with the regulator in the country. This is because the major cryptocurrency exchange seeks to gain traction in Europe. The registration of Binance Italy, which was established in recent months. This could potentially make the company more accountable and reduce the prospects for money laundering. […]
Intesa CEO says committed to 2022-2025 plan’s goals
Intesa Sanpaolo Chief Executive Carlo Messina said that he remained committed to hitting targets set under the Italian bank’s business plan through 2025 after being appointed for another term. Shareholders named a new board at Italy’s biggest bank. Messina stated that the strong shareholder support and the board’s decision to confirm my role as chief executive […]
All options to be explored by Italy’s Pop Sondrio
Italy’s Banca Popolare di Sondrio’s CEO said that it is open to exploring all options for its future. This is after shareholders approved long-delayed governance changes that could open the mutual bank up to a merger. Yet Mario Pedranzini stressed that, while M&A was an option, Popolare di Sondrio was a healthy lender that did not need […]
Italy’s Fiat need not pay $30 MLN in back taxes
An adviser to Europe’s top court stated that Italian carmaker Fiat Chrysler need not pay 30 million euros ($33.95 million) in back taxes to Luxembourg. The Fiat case was part of European Competition Commissioner Margrethe Vestager’s crackdown on deals between European Union countries and multinationals. In this, the highest profile of which were Apple’s Irish […]
Italy faces capital demand of more than $8 BLN to offload Monte dei Paschi
Italy has been asked to provide more than 7 billion euros in capital to UniCredit to strike a deal over Monte dei Paschi and offload as much as possible of the state-owned bank to the stronger rival. UniCredit agreed to discuss buying selected parts of Monte dei Paschi (MPS) from Italy’s Treasury. Under the terms […]
Italy’s next move to close SIA
Nexi said its acquisition of smaller rival SIA to create an Italian payments champion will be completed after Italy’s antitrust authority gave a conditional green light to the deal. The competition watchdog gave the approval. Last month, they said that it had opened an investigation into the merger. This is due to antitrust concerns in Italy’s digital payments industry. […]