Italian Plot Twist May Finally Insulate Finance From Politics
The solution: Mediobanca on Monday launched an offer for wealth manager Banca Generali SpA worth €6.3 billion ($7.2 billion), to be paid for with its 13% stake in Generali. That looks like a good deal for fans of clear, focused businesses, unencumbered by a big financial stake in another group. However, it potentially creates other headaches, not least of which is leaving Monte Paschi once again without a merger partner – frustrating the government's efforts to offload its stake in Italian banking's thrice-rescued problem child.
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Olive Garden brings back beloved menu special — and you get it unlimited, for a cheap price
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