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Up to 200 million euros of the capital will come from France's AXA (AXAF.PA), MPS' partner in an insurance joint-venture. Another 50 million euros are being guaranteed by London-based fund Algebris, whose founder Davide Serra is a close associate of Lovaglio. The state will put in 1.6 billion euros towards the capital raising, based on its 64% stake. Local banking foundations in Tuscany - charitable organisations overseen by Italy's Treasury - have already put in some 30 million euros. After its market value shrunk to just 256 million euros, MPS will sell the new shares with a discount of only 8.6% over Wednesday's closing price stripped of subscription rights.

Another 50 million euros are being guaranteed by London-based fund Algebris, whose founder Davide Serra is a close associate of Lovaglio. The state will put in 1.6 billion euros towards the capital raising, based on its 64% stake. If MPS gathers less than the maximum 2.5 billion euros, the state's contribution will be proportionally reduced so as not to exceed 64% of the total. At least 100 million euros will come from France's AXA (AXAF.PA), MPS' partner in an insurance joint-venture. After its market value shrunk to just 256 million euros, MPS will sell the new shares with a discount of just 8.6% over Wednesday's closing price stripped of subscription rights.

☆ TIM's board set to meet Friday over request to extend network deal deadline-sources
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +1 min

MILAN, Oct 13 (Reuters) - Telecom Italia's (TIM) (TLIT.MI) directors are expected to meet on Friday over a request from state lender CDP and its partners to extend a deadline to finalise a deal over the Italian phone group's network, two sources close to the matter said. CDP, infrastructure fund Macquarie and Open Fiber have asked for more time to clinch a deal to buy TIM's network assets, pushing back an initial deadline for a binding deal set at the end of this month. The multi-billion bid is part of a long-held plan to combine TIM's fixed network assets with those of CDP-owned rival Open Fiber to create a single national network operator under CDP's control. Telecom Italia declined to comment. Register now for FREE unlimited access to Reuters.com RegisterReporting by Elvira Pollina; editing by Valentina ZaOur Standards: The Thomson Reuters Trust Principles.

By late on Wednesday six banks, including global coordinators Bank of America (BAC.N), Citigroup (C.N), Credit Suisse (CSGN.S) and Mediobanca (MDBI.MI), had signed the guarantee contract, the sources said. Five years after an 8.2 billion euro ($8 billion) bailout that handed the state its 64% stake, MPS plans to raise the extra cash to lay off staff and bolster capital. The eight banks due to underwrite the MPS issue are willing to backstop only a third of the 900 million euro private portion of the capital raising, one of the sources said. MPS CEO Luigi Lovaglio had until recently not produced the written commitments, triggering a race in the last few days to get all the necessary documents signed. The Tuscan bank has so far secured support from its insurance partner AXA (AXAF.PA), local banking foundations and asset manager Anima Holding (ANIM.MI).

Five years after an 8.2 billion euro ($8 billion) bailout that handed the state its 64% stake, MPS plans to raise the extra cash to lay off staff and bolster capital. They have demanded written commitments from investors for an amount roughly equivalent to half the overall figure, accepting pledges which are not in writing for the rest to get to two thirds of the total, the source added. MPS CEO Luigi Lovaglio had until recently not produced the written commitments, triggering a race in the last few days to get all the necessary documents signed. MPS and the banks expect to be able to get to a deal on the underwriting contract later on Wednesday, although sources had previously not ruled out preparations taking until Thursday. A January 2030 bond yielded 41.42% after spiking to 45.44% from 39.95% at closing on Tuesday.

MPS (BMPS.MI) had scheduled a board meeting on Tuesday to set the terms of an up to 2.5 billion euros ($2.4 billion) share issue, the Tuscan bank's seventh in 14 years after an 8.2 billion euro bailout in 2017. Rocky markets and the size of the cash call, equivalent to more than 10 times MPS' current market value, have complicated talks over the share sale. The banks have long seen it as too risky to bring to the market without a pre-committed core of investors. The new shares will value MPS above healthier peers, exposing underwriters to likely losses on any shares left on their books, bankers and analysts say. On Tuesday, a source with knowledge of the matter told Reuters that MPS had secured some 30 million euros ($29 million) from local not-for-profit banking foundations in its home region.

☆ Monte dei Paschi to get some $29 mln from local banking foundations - source
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +1 min

The logo of Monte dei Paschi di Siena bank is seen in a bank entrance in Rome, Italy, August 16, 2018. REUTERS/Max Rossi/File PhotoFLORENCE, Italy, Oct 11 (Reuters) - Monte dei Paschi di Siena (BMPS.MI) is set to get around 30 million euros ($29 million) for its new share issue from local banking foundations, including the Tuscan bank's former top shareholder, a source with knowledge of the matter said. In some cases, including that of the Fondazione Monte dei Paschi di Siena, they have seen their fortunes wiped out by the demise of the banks they owned. A fourth banking foundation, Cassa di Risparmio di Pistoia e Pescia (CariPistoia), has not yet taken a decision on a possible 3 million euro contribution, the source added. The chairman of CariPistoia had told Reuters the foundation was not interested in investing in Monte dei Paschi.

☆ Russian ex-president Medvedev on Kyiv wanted list
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +1 min

KYIV, Oct 10 (Reuters) - Former Russian President Dmitry Medvedev has been on a list of wanted persons compiled by Ukrainian security officials for more than half a year, Ukraine's SBU security service said on Monday. The statement said Medvedev, now deputy chairman of Russia's Security, was wanted under a section of the criminal code dealing with attempts to undermine Ukraine's territorial integrity and the inviolability of its borders. Most of the Russian Security Council's members are on the list. It was not immediately clear why the Ukrainian authorities have not released the information sooner or why they made it public now. "The Security Service of Ukraine confirms that Dmitry Medvedev, deputy head of Russia's Security Council and former president of the aggressor state, is declared a wanted person," the SBU said in a statement.

☆ Italy's Caript has no plans to invest in Monte dei Paschi, chairman tells Reuters
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +1 min

FLORENCE, Italy, Sept 28 (Reuters) - Italy's Fondazione Cassa di Risparmio di Pistoia e Pescia (Caript) has no plans to invest in an upcoming new share sale at state-owned bank Monte dei Paschi di Siena (BMPS.MI), the chairman of the not-for-profit banking foundation told Reuters. "As far as Caript is concerned, an investment in Monte dei Paschi is not on the agenda," Chairman Lorenzo Zogheri told Reuters. Italian daily Il Sole 24 Ore reported on Wednesday Italy's Treasury had sounded out banking foundations, long-standing investors in the country's lenders, as Monte dei Paschi struggles to secure support from private investors amid tough markets. The report said Tuscan foundations such as Caript were top of the list. Register now for FREE unlimited access to Reuters.com RegisterReporting by Silvia Ognibene, writing by Valentina Za, editing by Maria Pia QuagliaOur Standards: The Thomson Reuters Trust Principles.

☆ Private equity funds approach Italy's Serie A to explore media rights deal -sources
▼ + stars: | 2022-09-28 | by ( Elvira Pollina | ) www.reuters.com time to read: +2 min

The approach by the four private equity firms comes after Serie A last year failed to reach a media rights deal worth 1.7 billion euros ($1.7 billion) with a group of funds led by CVC Capital Partners due to opposition from some of its clubs, including Juventus (JUVE.MI) and Lazio (LAZI.MI). The sources, who declined to be named because talks are confidential, said representatives for Apax, Carlyle and Three Hills met with Serie A top executives earlier this week. One of the sources said the three funds, which are working with Italian law firm Zoppini, could present a joint preliminary proposal in the next few days. Searchlight representatives held a separate meeting with Serie A chiefs, the sources said, adding the fund is also considering submitting a formal expression of interest. The funds' interest was briefly discussed at a closed-door meeting the 20 Serie A clubs held in Milan on Wednesday, the sources said, adding Serie A would share with the clubs any proposal from the private equity investors.

A service member of pro-Russian troops fires a mortar in the direction of Avdiivka during Russia-Ukraine conflict, outside Donetsk, Ukraine September 17, 2022. REUTERS/Alexander ErmochenkoLONDON, Sept 27 (Reuters) - First partial voting results from four Russian-occupied regions of Ukraine showed majorities of more than 96% in favour of becoming part of Russia after so-called referendums that Kyiv and the West have denounced as a sham. Russian-installed officials took ballot boxes from house to house in what Ukraine and the West said was an illegitimate, coercive exercise to create a legal pretext for Russia to annex the four regions. The scale of the pro-Moscow vote came as no surprise, after voting that Ukraine said was carried out at gunpoint in many cases. It mirrored a referendum in Crimea after Russia's seizure of the region from Ukraine in 2014, when Crimea's leaders declared a 97% vote to secede from Ukraine and join Russia.

Members of a local electoral commission count ballots at a polling station following a referendum on the joining of Russian-controlled regions of Ukraine to Russia, in Sevastopol, Crimea September 27, 2022. Voting at the polling station was held for residents of the self-proclaimed Donetsk People's Republic (DPR) - the Russian-controlled region of Ukraine. Luhansk authorities said 98.5% of people there had voted to join Russia, based on 69% of ballots counted. Ukraine has repeatedly warned that Russian annexation of territories would destroy any chance of peace talks, seven months after Russia invaded its neighbour. The votes mirrored a referendum in Crimea after Russia's seizure of the southern peninsula from Ukraine in 2014, when Crimea's leaders declared a 97% vote to secede from Ukraine and join Russia.

The Intel Corporation logo is seen at a temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. A spokesperson for Intel did not comment as negotiations are ongoing and confidential. Among other reasons, the site is well connected with Germany and in particular with the city of Magdeburg, where Intel will build two factories, one of the sources added. Intel and the government had also initially considered sites in the Lombardy, Apulia and Sicily regions. The sources declined to provide further details, but Reuters has previously reported that Rome is ready to fund as much as 40% of Intel's total investment in Italy.

☆ Senior Russian lawmakers express concern over Putin's mobilization drive 'excesses'
▼ + stars: | 2022-09-25 | by ( Hyder Abbasi | ) www.nbcnews.com time to read: +5 min

Amid increasing public anger about Russia's mobilization drive, two of the country's most senior lawmakers ordered regional officials to solve the “excesses” that have stoked protests and seen flocks of military-age men attempt to flee. “Appeals are coming in,” Volodin, speaker of the Duma, Russia’s lower chamber of Parliament, said in a post Sunday. Russian State Duma Chairman Vyacheslav Volodin in St. Petersburg in April. It said hundreds of people had been detained by police across Russia for protesting against the mobilization and the war. The territory controlled by Russian or Russian-backed forces in the four regions represents about 15% of Ukrainian territory.

☆ Putin allies express concern over mobilisation 'excesses'
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: +3 min

Russian President Vladimir Putin attends a meeting with Governor of the Novgorod region Andrei Nikitin in the city of Veliky Novgorod, Russia, September 21, 2022. Sputnik/Gavriil Grigorov/Pool via REUTERS/File PhotoSept 25 (Reuters) - Russia's two most senior lawmakers on Sunday addressed a string of complaints about Russia's mobilisation drive, ordering regional officials to get a handle on the situation and swiftly solve the "excesses" that have stoked public anger. Register now for FREE unlimited access to Reuters.com RegisterRussia's top two parliamentarians, both close Putin allies, explicitly addressed public anger at the way the mobilisation drive was unfolding. Vyacheslav Volodin, speaker of the State Duma, Russia's lower chamber, also expressed concern in a separate post. The Kremlin has twice denied it actually plans to draft more than one million, following two separate reports in independent Russian media outlets.

The Intel Corporation logo is seen at a temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. Intel's investment in Italy is part of a wider plan announced by the U.S. chipmaker last March to invest as much as 80 billion euros ($77.5 billion) over the next decade in building capacity across Europe. A spokesperson for Intel did not comment as negotiations are ongoing and confidential. Intel and the government had also initially considered sites in the Lombardy, Apulia and Sicily regions. The sources declined to provide further details, but Reuters has previously reported that Rome is ready to fund as much as 40% of Intel's total investment in Italy.

The logo of Monte dei Paschi di Siena bank is seen in a bank entrance in Rome, Italy August 16, 2018. Closer ties could hamper MPS' future search for a merger partner as the state seeks to cut its 64% stake. The banks organising the stock issue, however, have long seen the need for cornerstone investors, sources had previously said. Anima could contribute up to 250 million euros towards MPS' capital raise, when including an upfront payment for the improved partnership terms, a source had previously said. The state is allowed to cover 64% of MPS' capital raise based on the size of the stake it acquired after a 2017 bailout.

☆ UniCredit focused on "internal delivery", open to M&A in all its markets
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File PhotoROME, Sept 21 (Reuters) - UniCredit (CRDI.MI) is focused on delivering targets set under its business plan, though it remains ready to seize M&A opportunities in all the markets where it operates, CEO Andrea Orcel said on Wednesday. read moreOrcel said he had not deviated from his standard message that M&A can provide a way to accelerate growth in all the markets where UniCredit is present if opportunities arise "at the right conditions." "We're a lot more focused on internal delivery," he said. "When I took this job, UniCredit's stance was 'no M&A' while I said that at the right conditions M&A can be an accelerator. This, together with the fact that I've done my fair share of M&A deals in the past, made everyone think we would do deals, that a financial tsunami was on the cards."

The Banco Sabadell logo can be seen behind leaves on top of a building outside Madrid, Spain, April 13, 2016. REUTERS/Andrea Comas/File PhotoLONDON/MADRID, Sept 21 (Reuters) - Spanish bank Sabadell (SABE.MC) has received indicative bids from France's Worldline (WLN.PA), Italy's Nexi (NEXII.MI) and U.S. firm Fiserv (FISV.O) for its payments arm, with a deal valued at up to 400 million euros ($393.64 million), three sources said. Register now for FREE unlimited access to Reuters.com RegisterSabadell, Worldline, Nexi and Fiserv declined to comment. In Spain, Sabadell has a strong presence on the payments front and accounts for close to 16.3% of the country's overall revenue generated at the point of sale (POS). Its payments arm, which is mainly focused on consumer lending, has core earnings of about 25-30 million euros, one of the sources said.

☆ Cinven seeks deal for Eurovita to meet demands to raise $250 million in capital
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +2 min

MILAN, Sept 20 (Reuters) - Italy's insurance watchdog has told life insurer Eurovita to quickly boost its capital reserves by around 250 million euros ($250 million), prompting its owner British private equity firm Cinven to seek a sale, sources said. Three sources close to the matter said Cinven, which last year unsuccessfully attempted to sell Eurovita, was again working with advisers Deutsche Bank and Citi to find a buyer. Italian daily MF reported earlier this month specialist life insurer Athora was eyeing Eurovita, after it entered the Italian market last year with the acquisition of mid-sized player Amissima Vita. Like other Italian insurers, Eurovita has seen premiums shrink during the pandemic. Demands by IVASS for insurer Cattolica to raise capital eventually led to its takeover by bigger rival Generali.

This inspired them to build a tiny house in the spectacular scenery of the Blue Mountains, west of Sydney, Australia. The Tailored Tiny Co.Tranter said she'd been a fan of tiny houses for years. The Tailored Tiny Co."But then I convinced him to build a tiny house instead of the container house," she said. The Tailored Tiny Co.Tranter said banks and local authorities also often make it difficult for people interested in building tiny houses. The couple spent a total of 90,000 Australian dollars, or about $62,000, on their tiny house.

It's common for recruiters to use phone interviews to whittle down their options. Without body language, there's no way of knowing whether the person you're talking to is actually finished. In "The Essential Phone Interview Handbook," author Paul Bailo also recommends speaking as little as possible. "The less you say and the more you listen, the better the phone interview," he told Insider. Making yourself too comfortableOf course, it's important you conduct phone interviews in an environment where you feel comfortable.

☆ Consumatorii cu încălzire autonomă achită mai mult decât consumă, Protecția Consumatorilor
▼ + stars: | 2021-07-08 | by ( ) www.ipn.md time to read: +2 min

Consumatorii cu încălzire autonomă achită mai mult decât consumă, Protecția ConsumatorilorPreședintele Asociației Obștești Republicane „Protecția Consumatorilor”, Piotr Guțul, susține că tot mai mulți consumatori care au instalat în locuință sistem de încălzire autonomă se plâng că achită mai mult decât consumă, dar nu vor să meargă în judecată pentru că nu cred că li se va face dreptate. Piotr Guțul a declarat că, în 2019, Asociația a adresat o scrisoare Guvernului, cu solicitarea să revadă această lege, dar nu au primit răspuns. În altă ordine de idei, președintele Asociației Obștești Republicane „Protecția Consumatorilor” a remarcat că nu va merge duminică la alegeri, iar dacă o va face va vota împotriva tuturor. Femeia spune că a decis să-și monteze sistem de încălzire autonomă pentru că temperatura agentului termic livrat centralizat nu era suficient de ridicată și în locuință era rece. Dar nici sistemul de încălzire autonomă nu au scăpat-o de griji.

Persons: Piotr Guțul, Guțul, Valentina Poberjnaia Locations: n.r ., Moldova

☆ Detalii despre Partidul Oamenilor Muncii, al 22-lea în buletinul de vot pentru alegerile din 11 iulie. Controversatul Ghelici, al doilea candidat pe listă
▼ + stars: | 2021-07-07 | by ( Daniela Calmis | ) www.zdg.md time to read: +5 min

Al doilea candidat din lista POM este controversatul Fiodor Ghelici, al cărui nume figurează în mai multe cauze penale sau litigii financiare. În una dintre acestea a fost învinuit de escrocherie, însă la 22 mai 2019 a fost achitat, pe motiv că fapta nu este prevăzută de legea penală. În cel de-al doilea dosar penal, alături de soția sa, Valentina Ghelici, și încă o persoană, Ghelici a fost învinuit de evaziune fiscală. Potrivit sentinței Judecătoriei Chișinău, sediul Buiucani, la 30 ianuarie 2020, procesul penal a fost încetat pe motivul expirării termenului de prescripție. Partidul Politic Oamenii Muncii a fost înregistrat la 20 februarie 1999, pe atunci se numea „Noul partid Național Moldovenesc”.

Persons: Serghei Toma, ., Fiodor Ghelici, Toma, Valentina Ghelici, Ghelici, soților Ghelici, Igor Dodon, Ion Țurcanu, Ghenadie, Vladimir Plahotniuc, Iurie Topală Organizations: Partidul Politic, Electorală Centrală, CEC, Hoos Technology, Ghelici, Muncii, Partidul, Partidului Liberal, Unirea Moldovei, Partidul Democrat Locations: . Moldova, Chișinău, Moldova, Rusia, Criuleni, Alba Iulia, CEC, Ghelici, Moldovenesc

☆ Cavcaliuc a ajuns acasă, după ce a fost reținut duminică pe aeroportul Șeremetievo din Moscova
▼ + stars: | 2021-07-05 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Liderul Partidului Acasă Construim Europa, Gheorghe Cavcaliuc, a ajuns la Chişinău. Asta după ce a fost reținut duminică dimineață pe aeroportul Șeremetievo din Moscova. ", a comunicat liderul PACE, Gheorghe Cavcaliuc. La aeroportul din Chişinău, liderul PACE a fost întâmpinat de mai mulţi simpatizanţi şi membri de partid. Într-un comunicat de presă, MAEIE susţine că cei trei au fost reţinuţi din cauza nerespectării regulilor împotriva răspândirii COVID-19.

Persons: Gheorghe, Valentina Geamănă, Alexandru, Gheorghe Cavcaliuc Organizations: Partidului Acasă, Externe, Integrării Europene Locations: Europa, Chişinău, Moscova, Sankt Petersburg, Federația Rusă, Republicii Moldova, Rusia

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