UniCredit CRDI.MI
German Finance Minister Lars Klingbeil laid out demands to UniCredit CEO Andrea Orcel in Berlin on Monday over the possible takeover of Commerzbank, the German ministry said in a statement. They included Commerzbank remaining listed on the stock exchange, keeping its base in Frankfurt and continuing to finance German medium-sized companies at home and abroad, the statement said.
(*) RBC said on Tuesday it initiated coverage of the lender with sector perform rating and a target price of 90 euros per share.
Monte dei Paschi BMPS.MI, Banco BPM BAMI.MI
France's Credit Agricole CAGR.MI, the single biggest investor in Italian lender Banco BPM BAMI.MI, is against an offer for BPM by rival bank Banca Monte dei Paschi (MPS) BMPS.MI, daily La Stampa reported on Tuesday.
Banco BPM
The lender is scheduled to hold a board meeting on Tuesday.
(*) BPER EMII.MI, BFF BFF.MI
Italy's fifth-largest bank offered about €400 million in a non-binding expression of interest to BFF Bank BFF.MI to acquire its payments and depositary bank businesses, MF daily said on Tuesday citing market sources.
(*) Prysmian PRY.MI
The world's largest cable maker said on Tuesday its planned all-cash $3.8 billion acquisition of U.S. electrical products maker Atkore ATKR.N had been cleared for U.S. antitrust purposes.
(*) Enel ENEI.MI
During a visit to Brazil with business representatives and industry lobby groups, Italian Foreign Minister Antonio Tajani said that Enel should retain control of the power distribution business in Sao Paulo and expand further in the country, daily MF reported on Tuesday. The Italian energy group is facing scrutiny over its concession in Sao Paulo, with authorities considering revoking it due to a series of outages in recent years during heavy rains.
Avio AVI.MI
(*) The rocket maker successfully launched early on Tuesday, from the Spaceport in French Guyana, the Sentinel-3C satellite - part of the European Commission's Copernicus programme - and the FLEX Earth observation satellites, developed by ESA, with a Vega C launcher.
(*) Mare Engineering MARE.MI
The engineering company said on Tuesday that the Italian government did not apply, under its golden power scrutiny, any conditions to its €9 million acquisition of space and defence manufacturing company CTMAVIO and that it now expected to close the deal by the end of September, earlier than the initially planned mid-November.
(*) NewPrinces NWLF.MI
The Italian food group said on Tuesday it expected full-year core profits to be between €300-€350 million after posting a first-half revenue of €3 billion and a net loss of €5.8 million, as selling prices declined but volumes were stable.
The Italian Sea Group TISGR.MI
The deadline for submitting binding bids for the yacht maker expires on Tuesday.
EWI•
