Monday , 22 December 2025

Recent Posts

Steinhoff seeks $1.2b from Pepco’s IPO

Bloomberg Steinhoff International Holdings is looking to raise as much as 4.6 billion zloty ($1.2 billion) by listing its European discount retail arm Pepco Group in Poland, capitalising on increased demand for discount goods amid the coronavirus crisis. The South African retailer and other holders plan to sell 101.3 million existing shares, the company said in a statement on Wednesday. …

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Citigroup’s Australia unit draws interest from major local banks

Bloomberg Citigroup Inc’s retail operations in Australia are drawing interest from a host of local lenders, according to people familiar with the matter. National Australia Bank and Australia & New Zealand Banking Group Ltd., the country’s third- and fourth-largest lenders by value, are in talks with Citigroup over the assets, the people said, asking not to be identified as the …

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Italy mulls boosting tax benefits for buying loss-making banks

Bloomberg Italy is mulling extending the fiscal benefits for banking mergers and acquisitions it introduced at the end of last year, according to a draft decree seen by Bloomberg. The move could further entice potential buyers of state-owned Banca Monte Paschi di Siena SpA, which Italy must sell before the end of 2021 as part of an agreement with the …

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