By Valentina ZaMILAN (Reuters) -Italy’s Mediobanca (OTC:MDIBY) struck back on Monday in its fight for independence by announcing a 6.3 billion euro ($7.15 billion) offer for private bank Banca Generali (BIT:GASI) to be financed by using its stake in insurer Generali.Mediobanca is trying to thwart a takeover attempt by state-backed Monte dei Paschi di Siena. Italy is seeing a raft of hostile bids ...
HONG KONG (Reuters) - China’s Ant Group is buying a controlling stake in Hong Kong-based brokerage Bright Smart Securities & Commodities Group for about $362 million, marking the fintech firm’s first acquisition of a securities brokerage licence.Ant Group agreed to buy a 50.55% stake in Bright Smart for HK$2.81 billion ($362.26 million), the firms said in a joint statement.Bright Smart cha ...
Investing.com-- Italy’s Mediobanca (BIT:MDBI) said on Monday it will submit a 6.3 billion euros ($7.16 billion) all-share offer to acquire Banca Generali (BIT:BGN), a deal that could potentially create a European wealth management giant.Banca Generali is a private bank controlled by the country’s top insurer, Assicurazioni Generali (BIT:GASI).Shares in Banca Generali surged around 8% in ea ...
(Reuters) -Google DeepMind staff in Britain plan to unionise to challenge the company’s decision to sell its artificial intelligence (AI) technologies to defence groups with ties to the Israeli government, the Financial Times reported on Saturday. About 300 London-based staff of Google (NASDAQ:GOOGL) DeepMind have been seeking to join the Communication Workers Union (CWU) in recent weeks, the re ...