On October 21, 2010, a consortium of the Italian company Ansaldo Energia (23.5%) and the Greek company Metka (76.5%) signed a € 671M contract. They will be building a gas power plant with an output of 724MW of electricity in Syria. This will be the second plant supplied to Syria by the consortium. Ansaldo Energia is…
Category Archives: Italy
Aon completes the acquisition of Itali Rasini Viganò
Aon Italy SpA, the holding company which owns a national insurance brokerage section of the Group, today concluded the acquisition of Rasini Viganò, one of the top ten players in Italy. The Rasin Viganò SpA established in Italy in 1958, has developed expertise in the following strategic sectors: health, Institutions, Media & Entertainment, Utilities, Alternative…
Unicredit SpA, Starts Negotiations on Trade Union-Bank Redundancies
Today, negotiations started between the Unicredit unions and the business delegation on redundancies due to Unicredit’s reorganization plan. Due to pressures from major Italian shareholders who want the bank to invest more in Italy, there is a push for a reorganization of the bank and a renewed investment strategy. The union sources indicated that various…
Vital Signs Reporting on the Strengths of Italian Economy
The Edison Foundation and The Symbola Foundation have jointly developed a bi-monthly online newsletter which measures and highlights the strengths of Italian society and the Italian economic system. The newsletter ‘Vital Signs’, also published on the websites of the two Foundations, is determined to become a source of updated and authoritative information on the progress…
Italian Mutual Funds In the Red
MILAN, Italy – Mutual Funds in Italy have lost 1.889 billion Euros since the start of July, entering what many consider a dark period for investors. In June as opposed top July the loss was 1.176 Euros. The current trend appears to differ greatly from what was seen between January and July of this year…
