The Italian National Securities Market Commission (Consob) has authorised the launch of Impact SIM, an asset manager created by the ex-Azimut veterans Fausto Artoni, Stefano Mach and Gherardo Spinola. The three fund managers, who left Azimut in November, will continue managing some of the Azimut-branded strategies despite having quit officially the firm. Some of these […]
The Italian Treasury seeks to raise some €3.7bn through the IPO of Poste Italiane. The government will offer around 40% of the company at a price of between €6 and €7.50 per share, the Finance Ministry said in a statement following the regulatory body Consob’s approval of Poste Italiane request for an IPO. The company will be valued between […]
Poste Italiane has filed plans with the stock market regulator for the upcoming initial public offering (IPO). Poste Italiane presented its IPO request both to the Italian stock exchange Borse Italiana as well as to the regulatory body Consob. The Italian Treasury also issued a statement saying that a significant proportion of the IPO will be […]
Italy’s Immobiliare Grande Distribuzione (IGD) has announced a share capital increase of up to €200m by 31 March 2015 through the issue of ordinary shares. The real estate firm said that the option rights will be exercisable between 29 September and 17 October 2014 and they will be tradable on the stock exchange between 29 […]
The introduction of a tax on financial transactions could make Italy’s derivative markets less liquid and more risky, Giuseppe Vegas, president at Italy’s stock market regulator Consob, has warned.
Luigi Spada has left Italy’s watchdog Consob, where he was head of the division overseeing the activity of financial advisers, to join Bird & Bird, a UK law firm with offices in Italy.
The weight of the Italian Stock Exchange on the country’s GDP dropped to 21% at the end of the second quarter, according to data released by Italy’s stock exchange watchdog Consob.
Italy’s stock market regulator Consob has extended the short-selling ban on selected banking and insurance stocks until September 14.
At some point in this crisis, banning of short selling had to happen.
The Italian fund management industry is in the grip of continued turmoil, but a change in the tax law has brightened prospects.