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Italy takes step towards possible bank M&A with Monte Paschi stake sale

UPDATE 1-Italy takes step towards possible bank M&A with Monte Paschi stake sale Govt placed 15% of bailed-out MPS for 1.1 bln euros Rival Banco BPM took 5%, fund manager Anima 3% Banco BPM has bid to buy Anima - also an MPS partner Italy spent 7 bln euros on MPS, has cashed in 2.7 bln Adds JPM calculations on potential savings in paragraph 7; details in 9-10; sums spent and recovered by the state in 24 By Valentina Za and Giuseppe Fonte MILAN, Nov 14 (Reuters) - Italy has begun to pave the way
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Italy takes step towards possible bank M&A with Monte Paschi stake sale

Italy takes step towards possible bank M&A with Monte Paschi stake sale Govt placed 15% of bailed-out MPS for 1.1 bln euros Rival Banco BPM took 5%, fund manager Anima 3% Banco BPM has bid to buy Anima, which is also an MPS partner Italy retains 11.7% of MPS By Valentina Za and Giuseppe Fonte MILAN, Nov 14 (Reuters) - Italy has taken a step to paving the way for a third big banking group in the country by selling a chunk of state-owned Monte dei Paschi di Siena (MPS) BMPS.MI to rival Banco BPM B
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Italy brings on board Banco BPM in $1.2 bln Monte dei Paschi stake sale

UPDATE 5-Italy brings on board Banco BPM in $1.2 bln Monte dei Paschi stake sale Rome cut MPS stake to show EU it doesn't control bank Treasury placed shares with 5% premium to closing price Banco BPM took 5% as Treasury places 15% of MPS Banco BPM says no plans to seek OK to go above 9.9% Fund manager Anima takes 3% stake in MPS Changes dateline, adds Delfin's 3.5% stake in paragraph 6, and dropped reference to size of Banco BPM's stake in paragraph 2 By Giuseppe Fonte, Valentina Za and Andrea
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Unipol to look at any M&A option in bancassurance business, Ceo says

BRIEF-Unipol to look at any M&A option in bancassurance business, Ceo says Nov 8 (Reuters) - Unipol UNPI.MI CEO Matteo Laterza tells analysts: UNIPOL CEO: ON TRACK TO DELIVER OUR INDUSTRIAL PLAN PROFITABILITY TARGET, AND AFTER THIS QUARTER I AM MORE CONFIDENT TO SAY THAT UNIPOL CEO WHEN ASKED ABOUT COMPANY INTEREST IN MONTE DEI PASCHI: BANCASSURANC
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Unipol's 9-month profit hit by staff exits but outlook stands

Unipol's 9-month profit hit by staff exits but outlook stands MILAN, Nov 8 (Reuters) - Italian financial group Unipol UNPI.MI reported a 5.9% year-over-year decline in its nine-month net profit on Friday as it agreed to fund nearly 500 requests of early retirement from staff. The 724 million euro ($780.11 million) net result includes contributions from its stakes in lenders BPER MII.MI and Banca Popolare di Sondrio BPSI.MI but only for the first half of 2024. The result rises to 834 million euro
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Italy - Factors to watch on Nov.8

Italy - Factors to watch on Nov.8 The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Italy urged the European Union on Thursday to guarantee bond issuance needed to finance defence , saying a NATO spending target of at least 2% of gross domestic product (GDP) by 2028 clashed with the EU's reva
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Italy - Factors to watch on November 7

Italy - Factors to watch on November 7 The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Right-wing Prime Minister Giorgia Meloni on Wednesday congratulated Donald Trump after his victory in the U.S presidential election, and said it would strengthen ties between the two countries.
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Direct Line Insurance, Equals Group, Holmen AB

EUROPE RESEARCH ROUNDUP-Direct Line Insurance, Equals Group, Holmen AB Nov 5 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Direct Line Insurance, Equals Group and Holmen AB on Tuesday. HIGHLIGHTS * Cab Payments Holdings Plc CABP.L : Peel Hunt cuts target price to 115p from 130p * Deutsche Boerse AG DB1Gn.DE : JP Morgan cuts target price to EUR 194 from EUR 196 * Direct Line Insurance DLGD.L : JP Morgan cuts target price to 200p f
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Italy readies market sale of Monte dei Paschi stake as longer-term plan elusive, sources say

REFILE-Italy readies market sale of Monte dei Paschi stake as longer-term plan elusive, sources say Refiles to fix wording in headline Rome must cut MPS stake to show EU it doesn't control bank Italy rescued MPS in 2017, wants strategic buyer for stake sale No active talks with merger candidates Banco BPM, BPER Banco BPM remains favoured option for government By Valentina Za, Giuseppe Fonte MILAN, Oct 30 (Reuters) - Italy is struggling to find a "strategic" buyer for its stake in lender Monte de
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SAP sets the tone

MORNING BID EUROPE-SAP sets the tone A look at the day ahead in European and global markets from Vidya Ranganathan Europe's heavyweight software maker SAP SAPG.DE reports third-quarter earnings today. The behemoth will set the tone for German and wider stock markets, since it comprises 15% of Deutsche Boerse's DAX index .GDAXI with a 261 billion euro ($284 billion) market value.
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Italy - Factors to watch on October 21

Italy - Factors to watch on October 21 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS The Italian government vowed on Friday to push ahead with its contested plan to divert asylum-seekers abroad, saying it would appeal against a court's ruling that a group of migrants in reception centres
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Italian banks nudge up, analysts see no big impact on profitability from planned levy

BUZZ-Italian banks nudge up, analysts see no big impact on profitability from planned levy ** Shares in Italian banks are slightly up on Wednesday with analysts saying a planned levy on the country's lenders would not have a big impact on their profitability ** Prime Minister Giorgia Meloni announced plans to raise 3.5 billion euros ($3.81 billion)
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Italy - Factors to watch on October 15

Italy - Factors to watch on October 15 The following factors could affect Italian markets on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Prime Minister Giorgia Meloni will hold a cabinet meeting on the budget plan (1800 GMT) Bank of Italy releases August data on public finances, state borrowing and debt.
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Salvini liquida investimenti azionari, li riducono Rocella e Abodi

Salvini liquida investimenti azionari, li riducono Rocella e Abodi ROMA, Oct 11 (Reuters) - Il ministro delle Infrastrutture e dei Trasporti Matteo Salvini ha liquidato i suoi investimenti azionari, secondo la documentazione patrimoniale trasmessa al Parlamento. Lo scorso agosto il leader leghista ha dichiarato di avere liquidato 3.500 azioni di A2A A2.MI , 392 di Enel ENEI.MI e 250 di Acea ACE.MI , che risultavano dalla dichiarazione del dicembre 2022. Stando sempre alla documentazione parlamen
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BPER rules out share buybacks for next 3 years, focuses on internal growth

UPDATE 1-BPER rules out share buybacks for next 3 years, focuses on internal growth Adds quote in paragraph 3, details in paragraphs 4-10 MILAN, Oct 10 (Reuters) - BPER EMII.MI will not buy back its own shares over the next three years but rather use dividends to reward investors, its chief executive said, as the Italian bank on Thursday hiked its payout ratio to 75% under a new multi-year strategy .
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BPER CEO says no share buybacks in next 3 years, focused on organic growth

BPER CEO says no share buybacks in next 3 years, focused on organic growth MILAN, Oct 10 (Reuters) - BPER EMII.MI will not buy back its own shares over the next three years but use only dividends to reward investors, its chief executive said, as the Italian bank on Thursday hiked its payout ratio to 75% under a new multi-year strategy . CEO Gianni Franco Papa told a press conference that though he considered the bank's shares to still be undervalued, the strategic plan through 2027 did not envis
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Italy's BPER boosts shareholder payout counting on strong fee growth

UPDATE 2-Italy's BPER boosts shareholder payout counting on strong fee growth BPER plans dividend of 3.2 bln euros, tech investment of 650 mln Net income growth driven by strong fee revenue despite lower interest rates BPER targets cumulated net profit of 4.3 bln Adds shares, analyst comment By Andrea Mandala MILAN, Oct 10 (Reuters) - Italy's fourth-largest bank BPER EMII.MI said on Thursday it would pay shareholders an average of 75 % of profits through 2027, and bet on strong fee growth to sus
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Italy's BPER hikes payout ratio to 75%, bets on net fees

Italy's BPER hikes payout ratio to 75%, bets on net fees MILAN, Oct 10 (Reuters) - Italy's fourth-largest bank BPER EMII.MI on Thursday said it would pay out on average 75% of profits to shareholders through 2027, and bet on strong fee growth to sustain its net income as interest rates decline. The near tripling of BPER's payout ratio versus 2023 will put it ahead of sector leader Intesa Sanpaolo ISP.MI , and benefit BPER's top investor Unipol US.MI , Italy's No.2 insurer which has backed BPER's
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Italy - Factors to watch on October 7

Italy - Factors to watch on October 7 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Italy plans to raise taxes on large companies such as e-commerce groups as it looks for ways to collect additional cash for state finances, a Treasury official said on Friday.
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Italy to sell further Monte Paschi stake this year, minister says

UPDATE 2-Italy to sell further Monte Paschi stake this year, minister says Adds remarks from separate Treasury official in paragraphs 7-8, details and background throughout ROME, Oct 3 (Reuters) - Italy plans to sell a further stake in bailed-out bank Monte dei Paschi di Siena BMPS.MI by the end of this year, Economy Minister Giancarlo Giorgetti said on Thursday.
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