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Top related persons:
Siena - 1 Nomura - 1 Alken - 1 Emilio Parodi - 1 Valentina Za - 1
Top related locs:
Luxembourg Milan
Top related orgs:
MILAN - 1 Monte dei - 1 Deutsche Bank - 1 Nomura - 1 MPS - 1 Virmont SA - 1 Thomson - 1

Search resuls for: "Alken"


2 mentions found


☆ MPS gets dismissal of $481 mln in claims upheld in court
  + stars: | 2023-11-09 | by ( ) www.reuters.com   time to read: +1 min
MILAN, Nov 9 (Reuters) - Milan's civil appeals court on Thursday upheld a ruling rejecting a 450 million euro ($481 million) damage claim brought by Luxembourg-based fund Alkem against Monte dei Paschi di Siena (BMPS.MI), the bank's former top management and its adviser Nomura , the court said in a statement. The rulings are beneficial for MPS which is 64% owned by the state following a 2017 bailout, and must be re-privatised. Alken had sought around 450 million euros in compensation and Virmont SA another 4.7 million, the court said, adding there were further smaller claims from some Italian investors. The civil appeals court in Milan also cited the ruling of the criminal court of appeal in Milan that had acquitted all the defendants in the case centring around the two derivatives deals, a decision confirmed by Italy's top court last month. ($1 = 0.9356 euros)Reporting by Emilio Parodi, editing by Valentina ZaOur Standards: The Thomson Reuters Trust Principles.
Persons: Siena, Nomura, Alken, Emilio Parodi, Valentina Za Organizations: MILAN, Monte dei, Deutsche Bank, Nomura, MPS, Virmont SA, Thomson Locations: Luxembourg, Milan
☆ Analysis: Investors face dilemma as capital increases fill IPO void
  + stars: | 2022-12-06 | by ( Pablo Mayo Cerqueiro | Oliver Hirt | ) www.reuters.com   time to read: +4 min
"This is a test as to whether shareholders want to support a company they know well already," he said. In contrast with a drought of initial public offerings (IPO), EMEA companies have raised an overall 33.3 billion euros ($34.99 billion) through capital increases so far this year. Meanwhile, fund managers' cash holdings stand at a near 21-year peak, according to poll data from Bank of America. "However, the market could see more firms turn to shareholders for funding given the rising cost of debt and changing outlook," he added. ($1 = 0.9517 euros)Reporting by Pablo Mayo Cerqueiro and Oliver Hirt; Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
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