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MILAN (Reuters) -Intesa Sanpaolo’s asset management business has reached a reasonable size, the head of the Italian bank’s wealth management division said on Monday, when asked about potential interest in a tie-up with rival Generali Investments Holding. “I’ll repeat first what our CEO said in relation to the current consolidation wave (in Italian finance): we’re …

Intesa’s asset management business not under pressure to bulk up, exec says Read More »

(Reuters) -Leveraged buyouts are making a strong comeback after years of muted activity, fueled by private equity firms and sovereign wealth funds targeting high-profile technology, media and consumer companies. The resurgence underscores cheap debt markets, abundant dry powder and a search for stable cash flows amid public market volatility, culminating in deals such as the …

Factbox-Private equity and sovereign wealth funds revive large leveraged buyouts Read More »

By Darya Korsunskaya LONDON (Reuters) -Russia’s state spending on national defence is set to fall slightly in 2026, according to draft budget materials submitted to parliament, but sources said it could be increased if needed. The documents show planned defence spending of 13 trillion roubles ($157 billion) in 2026, which would be the fifth year …

Russian defence spending set to fall slightly in 2026, draft budget shows Read More »

ROME (Reuters) -Italy and Bahrain said on Monday they had signed a memorandum of understanding aimed at enhancing investments and trade worth over one billion euros ($1.2 billion), according to a joint statement between the two nations. The memorandum was announced after a meeting in Rome between Italian Prime Minister Giorgia Meloni and the Crown …

Italy and Bahrain sign memorandum worth over 1 billion euros Read More »

BERLIN (Reuters) -A top manager with Abu Dhabi’s ADNOC expressed optimism on Monday about the European Union’s ongoing review of its takeover of German plastics maker Covestro but said there needed to be a balance between legitimate requirements and excessive demands. “We are a strategic, long-term investor. That’s why I’m actually very optimistic,” Klaus Froehlich, …

ADNOC manager optimistic about EU’s Covestro takeover review Read More »

PARIS (Reuters) -TotalEnergies plans to divest from all renewable power holdings except those in the United States, Brazil and Europe, gas, renewables and power president Stephane Michel said on Monday.  Currently, 25% of the French oil major’s operational renewables portfolio comes from its stake in Adani wind and solar assets. (Reporting by America Hernandez; Writing …

TotalEnergies plans to divest all renewable power holdings except those in US, Brazil, Europe Read More »