€4.5billion green deal between A2A and Ardian
Italian utility company A2A joins with investment fund Ardian in a€4.5billion green deal. The cash-and-asset deal will create Italy’s second largest green energy provider.
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Category: Business
Ryanair to appeal against funding for Alitalia’s replacement
Ryanair will appeal against funds made available to the government-owned Italian airline that will replace Alitalia. Ryanair considers the funding to be illegal state support, the chief executive of the Irish carrier said on Saturday.
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Control of motorways back in Italy’s hands
A majority of Atlantia’s investors on Monday backed the sale of the group’s stake in its motorways unit to Italian state lender CDP and allies. The offer of €9.3billion will see the end of dispute triggered by the fatal collapse of the Morandi bridge, Genoa, in 2018.
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Generali looks to strengthen domestic market share
MILAN – Italy’s biggest insurer Assicurazioni Generali on Monday said it would launch a €1.17billion euro ($1.4 billion) buyout offer for smaller rival Cattolica. This would further strengthen its domestic market share. Consolidation was on the cards for Italy’s insurers when Intesa Sanpaolo took over rival lender UBI last year to build a banking and […]
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ITA, state-owned successor to Alitalia, won’t start flying until September
Italia Trasporto Aereo (ITA), the state-owned Italian airline, will start flying in September, missing the peak summer season reported Corriere della Sera.
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Italy’s speedy public works recovery plan hit road bump
The Italian government drafted a decree to accelerate public works in line with EU rules for claiming pandemic recovery funds. Unfortunately, the recovery plan prompted strike threats from trade unions and dissention from within the ruling coalition.
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