A large U.S. investment bank is considering building up a 10% stake in Italy's Banca Popolare di Sondrio, Il Sole 24 Ore newspaper reported on Thursday, without citing sources or naming the investor. The move would also pave the way for the entry of UniCredit in the group's shareholding, the newspaper said, without giving further details and adding that UniCredit declined to comment. Banca Popolare di Sondrio declined to comment on the report.
Fratelli Cosulich has announced that the christening and launch of the first of its two small scale and bunker vessels took place on 22 March 2023, at the CIMC Sinopacific Offshore & Engineering shipyard in China.
A small investment by Italian financial group Unipol in a local bank could put an end to the waiting game in Italian bank consolidation, aiding Rome's efforts to finally cut its stake in ailing Monte dei Paschi (MPS). Bankers say Unipol's surprise decision to raise its stake in tiny Banca Popolare di Sondrio to 9% over the past week could trigger a chain reaction that facilitates a solution for MPS. The Treasury has long identified UniCredit as the best partner for MPS.