Latest news with #Moratti
Reuters
3 days ago
- Business
- Reuters
Italy's Moratti, Gavio families invest in Canzonieri's Nextalia private equity firm
MILAN, May 30 (Reuters) - Nextalia, the private equity firm founded by former Mediobanca and Barclays investment banker Francesco Canzonieri, said on Friday that Italy's Moratti and Gavio families had become shareholders. Nextalia said the investment vehicles of the two families would buy into a capital increase with two representatives, Angelomario Moratti and Francesco Vercesi, respectively joining its board of directors. "This confirms Nextalia's role as the go-to independent investment platform for private markets to support Italy's real economy," it said. The Moratti family, who used to own top-tier soccer club Inter Milan, last year agreed to sell 35% of their oil refiner Saras to global commodity trader Vitol. The Gavio family is the main shareholder in toll-road operator ASTM. Nextalia said its new Nextalia Flexible Capital fund had raised 370 million euros ($419 million) in three months, more than targeted, and would garner more in the next few months thanks to ongoing investor interest. It has also started marketing its Nextalia Credit Solutions fund, set up at the end of March, which aims to raise 200 million euros from professional investors. Nextalia said it had named Leonardo Adessi as chief investment officer (CIO) for its credit division, replicating the model adopted for its equity operations where the running of various funds is coordinated by a single CIO. ($1 = 0.8829 euros)
Reuters
3 days ago
- Business
- Reuters
Gunvor, SOCAR neck and neck to buy refiner Italiana Petroli, sources say
MILAN, May 30 (Reuters) - Global commodity trader Gunvor and State Oil Company of Azerbaijan (SOCAR) are neck and neck in the race to buy oil refiner Italiana Petroli, three sources close to the matter said on Friday, as an end-May deadline to submit final offers looms. Abu Dhabi-based Bin Butti Group is also expected to submit a bid, but its chances to acquire the privately-owned Italian company are considered slimmer as it joined the sale process only recently and has had less time to study the refiner, the sources said. Two of the sources said the seller, the Brachetti Peretti family, was seeking a valuation of around 3 billion euros ($3.4 billion) for 100% of the group, which last year posted an adjusted core profit of nearly 500 million euros and had net cash of 408 million euros at end-December. Gunvor and Italiana Petroli declined to comment. SOCAR and Bin Butti were not Noavailable to comment. Italiana Petroli's sale comes after commodity trading house Vitol last year bought Italian oil refiner Saras from the Moratti family, highlighting private investors' desire to withdraw from an increasingly volatile business area. IP, which is being advised by UniCredit, has a total refining capacity of around 200,000 barrels per day. It also has a network of 4,600 fuel stations. The group increased its refining and fuel storage capacity in late 2023 when it finalised the acquisition of Exxon Mobil's (XOM.N), opens new tab Italian assets. IP currently owns a refinery in Ancona, eastern Italy; the SARPOM refinery in Trecate in the north; and has a tolling contract for the Alma refinery in Ravenna, towards the north east. Trecate deals with the production of different kinds of fuel, including aviation propellant, while the other two plants produce bitumen. The sources said both SOCAR and Gunvor had conducted in-depth analyses of the company and visited IP's industrial sites to prepare their final offers. SOCAR is being advised by Italy's Intesa Sanpaolo IMI CIB. Rothschild is working with Gunvor. ($1 = 0.8819 euros)
Yahoo
16-05-2025
- Sport
- Yahoo
Ronaldo, Pirlo, Vieri and Inter stars gather for special event, Mourinho message
Several Inter greats of the 1990s and 2000s gathered to celebrate the 80th birthday of former club President Massimo Moratti, including Ronaldo Nazario, Christian Vieri and Andrea Pirlo, while other Nerazzurri figures including Jose Mourinho have sent messages to their former boss. Moratti took control of Inter in 1995 and remained in charge until 2013. Advertisement During that time, the team won five consecutive Serie A titles, four Coppa Italia trophies, four in the Supercoppa Italiana and one in the Champions League, a FIFA Club World Cup and an historic treble in 2010 that has not since been replicated by any Italian club. Inter stars assemble for Moratti's 80th birthday FC Internazionale Milano new president Milano Erick Thohir and honorary president Massimo Moratti (R) attend a press conference after the FC Internazionale Milano shareholders' meeting on November 15, 2013 in Milan, Italy. (Photo by Pier) Moratti is understood to have spent well over €1bn of his personal wealth during his tenure, and prides himself on the signings of world class players including Ronaldo, Adriano, Roberto Carlos, Zlatan Ibrahimovic, Luis Figo and Samuel Eto'o to name just a few. Several of those former Inter players, including Ronaldo, Pirlo, Vieri and Javier Zanetti were in attendance for a special event on Friday, as Moratti celebrates his 80th birthday. There was also a special message from Mourinho on his Instagram profile on Friday, writing: 'My President! Best wishes and a happy birthday.'
Yahoo
14-05-2025
- Sport
- Yahoo
Moratti recalls Juventus' ‘robbery', calls Pirlo his ‘proudest' signing and ‘biggest regret'
Former Inter president Massimo Moratti considers 2010's treble-winning side and his father's Grande Inter his fondest memories as a Nerazzurri supporter, but insisted that he's also extremely attached to the team that was stopped from winning the Serie A title in 1998 by what he called a 'robbery' by Juventus. 'My father's 'Grande Inter' was a model, and it remains in my heart,' Moratti told La Gazzetta dello Sport in an interview. Advertisement 'It was the football equivalent of The Beatles — unique, like that band that defined an entire era. I couldn't draw musical comparisons with any of the other teams I had as president later on. 'The Treble-winning side made history, of course, but I'm also very attached to the wonderful lads from 1998, who didn't win the Scudetto only because of a robbery by Juventus. Former Inter owner Massimo Moratti attends the presentation of Ivan Zazzaroni's new book 'Diventare Mourinho' at the Rizzoli bookshop in the Galleria Vittorio Emanuele II on October 13, 2022 in Milan, Italy. (Photo by) 'Juventus in those years were like a wall — they made you suffer because they took away all hope. It was a wall you just couldn't get past. 'But when we finally did, we won everything. Calciopoli remains one of the darkest pages in Italian football, something best forgotten. Abroad, I never had a fixed enemy, although Manchester United did make us suffer.' Moratti: We made a mistake by selling Pirlo to Milan, madness is in Inter's DNA Reflecting on his long ownership at the San Siro, Moratti mentioned a somewhat surprising name when asked which signing made him proudest. Advertisement 'Pirlo — partly because I handled the deal personally. I signed the contract in an elevator after telling the Brescia president we had to get it done quickly,' the former president recalled. However, the World Cup winner is also Moratti's biggest regret, due to the decision to let him leave for the city rivals. 'Also Pirlo [the signing I regret the most]… It was a mistake to let him go, especially to Milan. A kind of reverse-Calhanoglu, even if the Turkish player left on a free.' MILAN, ITALY – APRIL 23: Luka Jovic of AC Milan celebrates scoring his team's second goal with teammates Youssouf Fofana, Tijjani Reijnders and Christian Pulisic during the coppa Italia Semi Final match between FC Internazionale and AC Milan at Stadio Giuseppe Meazza on April 23, 2025 in Milan, Italy. (Photo by) The 79-year-old struggles to understand how an Inter side that managed to compete on nearly every front until the very end failed to win even once against a struggling Milan team this season — but it's a price he's more than willing to pay for the kind of campaign the Nerazzurri are enjoying. Advertisement 'It's still a mystery how we didn't beat Milan, but I'd gladly trade that for everything we achieved afterwards,' Moratti continued. 'Let's not joke [on what I would've preferred]. On one side you have a team with international stature, feared as one of the strongest in the world. 'The others are trophies won by a team that's fallen short in many areas — although they might do better in the future.' Finally, Moratti couldn't help but comment on Inter's dramatic win over Barcelona in the Champions League semifinal, admitting he no longer believed Simone Inzaghi's men could reach the final after the Blaugrana's late third goal. epa12078776 FC Inter's Francesco Acerbi (C) celebrates with his teammates after scoring the 3-3 goal during the UEFA Champions League semifinal 2nd leg soccer match between Inter Milan and FC Barcelona, in Milan, Italy, 06 May 2025. EPA-EFE/DANIEL DAL ZENNARO 'No [I didn't believe anymore], because the team looked completely lifeless,' he added. Advertisement 'Even the fans had given up, to some extent. Then Acerbi hit that incredible ball, which gave everyone energy and changed the story. 'Madness is in our DNA. But yes, Tuesday's game will always be special. 'I have to admit I don't know PSG that well, but they seem more complete and solid than Barcelona, who play entertaining football but leave too much space at the back. I think a lot will depend on how the match starts — if we score early, it could get very interesting.'
Yahoo
14-05-2025
- Sport
- Yahoo
Legendary Inter Milan President Names His 80th Birthday Wish: 'Champions League Has Special Flavor'
Legendary Inter Milan President Names His 80th Birthday Wish: 'Champions League Has Special Flavor' Former Inter Milan chairman Massimo Moratti admitted he'd prefer Champions League glory over a second consecutive Scudetto. During his recent interview with Gazzetta dello Sport via FCInterNews, Moratti made his birthday wish. Advertisement The legendary Nerazzurri figure will turn 80 in two days. For nearly two decades, Massimo Moratti was the heart and soul of Inter. Indeed, he lived for these colors and gave everything to get the club back to where it belongs. Now that he is retired, the Italian billionaire enjoys watching his beloved Inter as they continue to write new pages of club history. Simone Inzaghi has guided the San Siro outfit to their second Champions League final in three years. After a 2023 heartbreak in Istanbul, the ex-Lazio boss will try to make amends in Munich. Meanwhile, Inter remain firmly in the race for a second straight Serie A title after closing the gap on Napoli to one point. Advertisement However, Moratti would trade the Scudetto for the most coveted continental prize any day. Legendary Inter Milan Chairman Massimo Moratti Makes His Birthday Wish MILAN, ITALY – NOVEMBER 09: President of FC Inter Milan Massimo Moratti attends the Serie A match between FC Internazionale Milano and AS Livorno Calcio at San Siro Stadium on November 9, 2013 in Milan, Italy. (Photo by) Asked what he'd prefer for his 80th birthday, Moratti replied: 'Even if we could win both, I get the feeling you won't let me have two gifts. 'I'd really love to win a second consecutive Scudetto, but of course, the Champions League has a special flavor. 'So I'll let the gift be chosen by whoever's giving it.' Then, he discussed some of his brightest moments in charge. 'My father's 'Grande Inter' was a shining example and it stays close to my heart,' he added. Advertisement 'It was like the Beatles, unique and revolutionary in a special era. 'I couldn't make musical comparisons with any of the other teams I had as president. 'The Treble-winning team made history, of course. 'However, I'm also very fond of the wonderful boys of '98, who missed out on the Scudetto only because of a 'robbery' by Juventus. 'Juventus were a wall during those years,' Moratti continued. 'They caused despair because they crushed hope, due to what was behind them. 'There was a wall we just couldn't break through. 'Once we did, we won everything. Calciopoli remains one of the darkest chapters in Italian football – best forgotten. Advertisement 'Abroad, I never really had a fixed enemy, though Manchester United did make us suffer.' Finally, he named Andrea Pirlo his best signing and biggest regret. He first explained how he signed the iconic playmaker. 'I handled the negotiations myself. 'I signed the contract in an elevator after telling Brescia's president we needed to get it done quickly.' Then, he admitted he made a grave mistake selling him to AC Milan. 'It was a mistake to sell him, especially to Milan. A kind of reverse Calhanoglu situation, even if the Turk left on a free.'
