Mediobanca Banca di Credito Finanziario S.p.A. (MDIBY)
- Reuters
Mediobanca CEO calls for changes to Italy's capital markets bill
Mediobanca's CEO on Friday urged the Italian government to make changes to its capital markets legislation, because plans to give investors more power over the way a company's outgoing board presents candidates for the next term are unworkable. The bill includes several measures to attract companies to the Milan stock exchange, which has lost a string of prominent companies to other markets and to buyouts. But representatives of investment funds and Italy's financial industry have all voiced concerns that measures boosting the influence of leading shareholders in listed companies could backfire and discourage foreign investment.
- Reuters
Mediobanca profit tops forecast as wealth management shift advances
MILAN (Reuters) -Italy's Mediobanca posted a better-than-expected first-half net profit on Friday, as higher interest rates boosted income from lending and a renewed focus on wealth management paid off. The bank, with a financial year running from July to June, is "fully on track" to meet targets set out in the strategy to 2026 it presented in May, Chief Executive Alberto Nagel told a press briefing. "These results are not only improving, they represent the new vision of the group .... Our growth has been solid and very effective in terms of capital generation and absorption," he said.
- Reuters
Infrastructure funds prepare sales of airports in UK and Italy-sources
A group of infrastructure investors around Europe are working on the sale of their stakes in European airports, leveraging on the recovery of travel in the wake of the COVID-19 pandemic, according to bankers, investors and industry sources. Its owner Global Infrastructure Partners (GIP) is working on the sale of its majority stake in a process that may value the airport at over 2.5 billion euros ($2.72 billion), according to two sources close to the situation, who spoke on condition of anonymity because the process is private. AGS Airports, which oversees operations at Aberdeen, Glasgow, and Southampton airports and is owned by Macquarie and Ferrovial, may also follow, according to two people with knowledge of the plans.
