Tag: Italy
-
Picchiotti unveils 61m superyacht concept with “old money” aesthetic
Picchiotti, a brand of The Italian Sea Group, has unveiled a 61-metre concept inspired by the history of the yard, which was established in 1575. “The aristocracy, escorted by the highest members of the upper middle class to spend their holidays on the French Riviera, sailed aboard splendid wooden yachts,” explained a Picchiotti spokesperson. The concept,…
-
UniCredit CEO says $10.5 billion Banco BPM bid is fair as offer becomes binding
UniCredit (CRDI.MI), opens new tab on Friday filed its buyout offer for rival Banco BPM BAMI.MI with Italy’s market regulator, and CEO Andrea Orcel said the price was adequate. The filing makes the 10-billion-euro ($10.5 billion) all-share offer, which UniCredit announced on Nov. 25, binding and sets a price floor. UniCredit also applied to relevant authorities for regulatory approval.…