Chief of Credito Italiano calls for law change

Article Abstract:

The Italian government is coming under growing pressure from bankers, regulators and other sources to change the country's takeover law, which currently prevents a white knight from making a second bid. The latest call has come from Egidio Giuseppe Bruno, chief executive of Credito Italiano (Credit), which recently took a 78% stake in Credito Romagnolo. In this case, Cariplo was unable to make a second bid for Romagnolo.

Laws, regulations and rules, Acquisitions and mergers, Credito Italiano S.p.A., Credito Romagnolo Bank

---

No battle for Italy's BNA

Article Abstract:

Banca di Roma is to acquire loss-making Italian bank Banca Nazionale dell'Agricoltura (BNA) in a deal which is most unlikely to experience any opposition. BNA is thought to have accumulated large losses, but Banca di Roma will still pay at least 1,000 billion Italian lire. BNA offers a strong network in central and southern Italy, and the merger will form the largest banking group in the country.

Banca di Roma, Banca Nazionale dell'Agricoltura S.p.A.

---

Portuguese 'banana republic' overrules CMVM

Article Abstract:

The president and leading officials at CMVM, Portugal's SEC, have resigned following the decision by the government to allow industrialist Antonio Champalimaud to purchase the country's third-largest bank, Banco Totta e Acores (BTA). CMVM officials see the decision as lacking respect for the law, and fear that it will make the country look like a 'banana republic.'

Management, Investments, Champalimaud, Antonio, Banco Totta e Acores

Similar abstracts:

• Abstracts: A call for revolution. Engineers to researchers. The service heart of Asia
• Abstracts: Swiss insurer to spin off real estate. Credit Suisse is latest in trend of moves to U.K. Lazard expands presence as Swiss M&A adviser: firm aims to gain on investment banks in European ranking
• Abstracts: U.S. companies see opportunities for business as Kobe rebuilds, but analysts are cautious. Financial toll of quake keeps rising as more structural damage is exposed
• Abstracts: Reaching out. Let's talk: freed democracy activist stresses reconciliation. Arrested development: is the opposition doomed to irrelevance?
• Abstracts: The way we were: breaking up is hard to do for Vietnamese state firms. Making the switch: capitalism's easy if your plugged in

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.