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Photographer | Collection | Getty Images Italy’s bailed-out Monte dei Paschi di Siena on Friday launched a 13.3 billion euro ($13.95 billion) all-share takeover offer for larger domestic peer Mediobanca. Shares of Monte dei Paschi (MPS) were down 5.74% at 09:43 a.m. London time, with Mediobanca up 6.28%. Offering 23 of its shares for 10 […]
European markets dipped slightly lower Thursday, following an initially positive start to 2025 trading. The pan-European Stoxx 600 index reversed earlier gains to trade 0.3% lower by 11:18 a.m. London time as regional bourses reopened after the New Year’s Day holiday. Banking stocks led losses, shedding over 2%, while autos also fell 1.8%. Oil and […]
Andrea Orcel, chief executive officer of Unicredit, in London, UK, on Thursday, Nov. 23, 2023. Bloomberg | Bloomberg | Getty Images Divided between two takeover courtships, UniCredit‘s Andrea Orcel still has room to sweeten his bid for Italy’s Banco BPM, analysts say, while political turmoil stalls a deal with Germany’s Commerzbank. Once a key architect […]