Schroders, a major European asset manager, has been sold to Nuveen, a US competitor. CEO Richard Oldfield discusses the challenges facing mid-sized asset managers in an increasingly competitive landscape and explains the strategic rationale for the transaction.
UniCredit, an Italian bank, has increased its stake in German bank Commerzbank to 37 percent as part of a takeover battle. Despite facing criticism that its offer is unattractive, UniCredit has defended its approach against detractors.
Bending Spoons, an Italian company known for acquiring digital business models and for its acquisition of the German hiking app Komoot, is planning an IPO with a potential billion-euro valuation.
Billionaire Patrick Drahi has agreed to sell French mobile carrier SFR to a consortium of rival telecommunications firms for €20.4 billion, a deal that will test regulators’ tolerance for consolidation in the French telecom market.
Intesa Sanpaolo, Italy’s largest bank, is preparing a bid for Monte dei Paschi after a rival proposal emerged for a potential merger between Banco BPM and MPS that would create a €50 billion banking entity
Italian bank Banca Popolare di Milano (BPM) has proposed a €50 billion merger with Monte dei Paschi, positioning it as a combination of equals. This represents the latest attempt at banking consolidation in Italy.
Banco BPM has made a merger proposal to Monte dei Paschi. If completed, the combined entity would become Italy’s second-largest banking group with a market capitalization exceeding 50 billion euros. Banco BPM characterizes the merger risk as low.
Airbus SE, Leonardo SpA, and Thales SA are forming a satellite joint venture that will serve as a test case for the EU’s newly revamped merger framework, which has been reformed to enable the creation of globally competitive European champions to rival companies like Elon Musk’s SpaceX.
Trade Republic, a German neobroker, is enabling its customers to participate in the anticipated IPO of SpaceX. Customers can access terms and conditions via a link on the platform.
Telenor ASA, a Norwegian telecommunications and financial services company, is considering selling its controlling stake in its digital bank operating in Pakistan. This potential divestment would represent the company’s complete exit from the Pakistani market.