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By Reuters Staff 2 Min Read MILAN, May 10 (Reuters) - Two known Italian business executives said on Monday they would list a 200 million euro ($243 million) special purpose acquisition company (SPAC) in Milan by the end of May to target opportunities in the insurance sector. A SPAC is a shell company that raises money in an initial public offering (IPO) to merge with a privately held company, that then becomes publicly traded as a result. REVO SPAC was formed by Alberto Minali, the former CEO of Italian insurer Cattolica, and Claudio Costamagna, the former chairman of Italian state lender CDP, and joins a wave of similar listings on Wall Street and more recently in Europe. ....
Italian SPAC Aims to Target Deals in Insurance Sector May 10, 2021 MILAN – Two known Italian business executives said on Monday they would list a 200 million euro ($243 million) special purpose acquisition company (SPAC) in Milan by the end of May to target opportunities in the insurance sector. A SPAC is a shell company that raises money in an initial public offering (IPO) to merge with a privately held company, that then becomes publicly traded as a result. REVO SPAC was formed by Alberto Minali, the former CEO of Italian insurer Cattolica, and Claudio Costamagna, the former chairman of Italian state lender CDP, and joins a wave of similar listings on Wall Street and more recently in Europe. ....
5 Min Read MILAN (Reuters) - Investors are due to approve Andrea Orcel’s appointment as chief executive of UniCredit on Thursday, but the issue that scuppered his first attempt to run a major bank is overshadowing his second: pay. FILE PHOTO: Andrea Orcel poses with IFR s Bank of the Year for 2015 award at the 2016 IFR Awards event in London, Britain in this handout photograph shot January 27, 2016 and provided to Reuters January 22, 2020. IFR/Simon Wagner/Handout via REUTERS Orcel, 57, will join UniCredit just over two years after Spanish bank Santander withdrew an offer to make him its CEO after a disagreement over his pay package that ignited a 112 million euro ($134 million) legal dispute. ....
A $9 million boss? UniCredit investors to decide how much Orcel is worth netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
A $9 million boss? UniCredit investors to decide how much Orcel is worth reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.