Italy’s private debt and NPLs weekly roundup. News abou Intesa Sanpaolo, Gestioni Armatoriali and Giuseppe Bottiglieri Shipping Company
Italy’s private debt and NPLs weekly roundup. News abou Intesa Sanpaolo, Gestioni Armatoriali and Giuseppe Bottiglieri Shipping CompanyAttualità
Italian private debt and NPLs are still of interest to domestic and international investors. Here is a roundup of news starting last Feb 7th. Carlo Messina, the chief executive officer of Intesa Sanpaolo, said that the firm aims to half its gross non-performing loans (NPLs) to 26.4 billion of euros by 2021 from the current amount of […]
Foresight raises 70 mln euros in the first closing of its Italian Green Bond Fund
Foresight raises 70 mln euros in the first closing of its Italian Green Bond FundAttualità
One year after the launch of the fundraising, Foresight Group announced to have reached a first closing at 70 million euros for its Italian Green Bond Fund, which will focus on investments in project bonds financing small and medium projects in renewable energy generation (including solar, wind, waste-to-energy,  biomass and anaerobic digestion) and energy efficiency ( including public lighting, cogeneration […]
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Highbridge exclusive talks with Milan soccer team on debt refinancing expired without a deal
Highbridge exclusive talks with Milan soccer team on debt refinancing expired without a dealAttualità
Eight weeks of exclusive talks between Italy’s Milan soccer team and Highbridge fund expired last Friday Dec 5th without any agreement about a 303 million euros of debt refinancing versus the unique lender Elliott fund. Elliott actually is the only subscriber of Milan’s debt issued both by the operative company AC Milan and by the parent company Rossoneri Sport Lux, Press agency Ansa which had been anticipating […]
Pro-Gest paper packaging producer to issue a 250 mln euro bond
Pro-Gest paper packaging producer to issue a 250 mln euro bondAttualità
Italian paper packaging producer Pro-Gest prepares to issue a 250 million euros senior unsecured bond maturing in 2024. Moody’s assigned preliminaryr rating to Pro-Gest and B2 rating to the proposed bond with stable outlook. Proceeds from the notes will be used to refinance part of the existing indebtedness, to pre-fund capital expenditures, and to pay transaction fees. The […]
CVC Capital Partners buys 100 mln euros loans to Tirreno Power by lending banks
CVC Capital Partners buys 100 mln euros loans to Tirreno Power by lending banksAttualità
Cvc Capital Partners is said to have bought about 100 million euros in loans to Italy’s electric power group Tirreno Power from lending banks, Il Sole 24 Ore, wrote relaunching a news by Reorg Research, adding that among the sellers is Spanish group BBVA. Other lenders include BnpParibas, Credit Agricole, Ing, Cassa Depositi e Prestiti, Intesa Sanpaolo, Mediobanca, Mps, Unicredit and Portigon. Tirreno Power […]
Maeco Group takes control of dermocosmetics Rougj brand. RiverRock fund to finance the dealAttualità
Bologna-based Maeco Group srl bought a majority stake in the capital of  Alman Group srl and LAB srl,  owners of the Rougj brand, a leader in the European dermocosmetics sector in Europe, active for 30 years in the production and distribution of high-end natural products. Marco Giraldi, one of the founders of the Rougj brand, will remain as a minority shareholder in the […]