logo
Italy Plans to Stick With Its Tough Terms on UniCredit's BPM Bid

Italy Plans to Stick With Its Tough Terms on UniCredit's BPM Bid

Bloomberg23-05-2025
Italy is set to keep the strict conditions it imposed on UniCredit SpA to take over rival lender Banco BPM SpA, even if the bidder starts a legal battle to ease those terms.
Prime Minister Giorgia Meloni's government is not planning to soften wide-ranging conditions imposed on the potential purchase even if UniCredit proceeds with an appeal at the country's administrative court, according to government officials, who asked not to be named.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Blackstone, Goldman Lead Private Debt Deal for Sapiens Buyout
Blackstone, Goldman Lead Private Debt Deal for Sapiens Buyout

Yahoo

time2 hours ago

  • Yahoo

Blackstone, Goldman Lead Private Debt Deal for Sapiens Buyout

(Bloomberg) -- Blackstone Inc. and Goldman Sachs Group Inc.'s asset management arm are leading a nearly $1 billion private debt deal to help fund Advent International's acquisition of Israeli software provider Sapiens International Corp., according to a person with knowledge of the matter, who asked not to be identified discussing private information. Advent announced this week it was acquiring Sapiens, which provides software to the insurance industry, in a deal valued at about $2.5 billion. In a statement announcing the deal, which is expected to close by early next year, Advent said it had arranged committed debt and equity financing. Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion To Head Off Severe Storm Surges, Nova Scotia Invests in 'Living Shorelines' Five Years After Black Lives Matter, Brussels' Colonial Statues Remain The US-Canadian Road Safety Gap Is Getting Wider For Homeless Cyclists, Bikes Bring an Escape From the Streets A representative for Blackstone declined to comment. Representatives for Goldman Sachs, Advent and Sapiens didn't immediately respond to requests for comment. The market for mergers and acquisitions has remained subdued this year, leaving private equity firms eager to transact. The dearth of deal flow has created more competition between banks and private credit firms, both looking for new acquisitions to finance. Sapiens is currently publicly listed in New York and Tel Aviv and operates a number of brands that offer a variety of insurance, pension and reinsurance products globally. Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan Why It's Actually a Good Time to Buy a House, According to a Zillow Economist Dubai's Housing Boom Is Stoking Fears of Another Crash Americans Are Getting Priced Out of Homeownership at Record Rates The Social Media Trend Machine Is Spitting Out Weirder and Weirder Results ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Click Labs strengthens position in retail tech space with Evermile
Click Labs strengthens position in retail tech space with Evermile

Yahoo

time2 hours ago

  • Yahoo

Click Labs strengthens position in retail tech space with Evermile

Click Labs has strengthened its position in the retail tech space with the acquisition of Evermile, an AI retail operations platform for small and medium-sized enterprise (SME) retailers. Financial details of the deal have not been disclosed by the companies. The acquisition adds AI capabilities to Click Labs' existing logistics and delivery software suite. Click Labs CEO Samar Singla stated: 'Evermile brings exceptional technology, deep operational expertise and a platform that merchants love. 'Together, we'll help retailers simplify operations, deliver seamless experiences, and grow smarter in a demanding market.' Evermile, established in 2022 by Omer Goldschmidt, Ynon Cohen and Omry Hochberg, provides tools aimed at automating routine retail processes. Its platform uses AI to manage order handling, delivery coordination, service-level tracking, customer support and engagement. The company's system has been used by a wide base of independent retailers across the UK since its launch in 2023. The technology is designed to support businesses that lack large operational teams or advanced in-house systems. Click Labs indicated that the integration of Evermile's tools will support the development of new features and help streamline day-to-day activities for SME retailers. The combined platform is expected to enable users to manage operations more efficiently and improve customer interaction through automated processes. As per the terms of the deal, Evermile will continue to operate as an individual business entity in the near term, while its technology will be integrated into Click Labs' flagship products, including JungleWorks, Tookan, Yelo and Hippo. Additionally, its technology will also be deployed across key markets in North America, Europe, the Middle East, and APAC. Evermile co-founder and CEO Omer Goldschmidt said: 'We built Evermile to close the technology gap for independent retailers. 'Our mission has always been to help small teams compete at the highest level, without needing complex, expensive tools or large teams. By joining Click Labs, we can now take that mission global - across more markets, verticals and delivery models.' "Click Labs strengthens position in retail tech space with Evermile" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Gildan to Buy Hanesbrands for $2.2 Billion
Gildan to Buy Hanesbrands for $2.2 Billion

Bloomberg

time2 hours ago

  • Bloomberg

Gildan to Buy Hanesbrands for $2.2 Billion

Gildan Activewear Inc. agreed to buy US underwear maker Hanesbrands Inc. — aiming to double its annual sales — for about $2.2 billion in cash and stock. Montreal-based Gildan is offering Hanesbrands holders roughly $6 a share, based on the companies' closing prices on Aug. 11, representing a premium of about 24% to the closing price on that date, according to a statement Wednesday. Including debt, the company's largest deal ever values Hanesbrands at about $4.4 billion. 'With this transaction, our revenues will double and we achieve a scale that distinctly sets us apart,' Gildan's Chief Executive Officer Glenn Chamandy said in the press release. The company is a global player in the cheap-clothing trade that churns out T-shirts and socks for the likes of Walmart Inc. and Nike Inc. and under its own brands, including American Apparel. Bloomberg's Abigail Gilmartin reports. (Source: Bloomberg)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store