Apollo merges with Athene: a 30 billion colossus is born
The all-stock, all-stock deal values Athene Holding approximately $11 billion and is expected to close in January 2022.
Carige: Apollo relaunches, Mediocredito at the window
After the first rejection by the Interbank Fund, Apollo sent a new proposal to the commissioners of the Ligurian Bank - In the meantime, they are working on plan B: direct intervention by the State through Mediocredito Centrale
Carige: ok to action against ex manager
Green light from the shareholders' meeting for the two resolutions containing liability actions against the "historic" former president Giovanni Berneschi, the former president Cesare Castelbarco Albani and the former CEO Piero Luigi Montani - 2016 accounts approved - The CEO Bastianini: "Increase in…
Banca Carige: Court rejects Apollo's appeal
Malacalza will therefore be able to vote in the assembly in which it will be decided whether to proceed with a legal action against the past management of the bank and the fund itself - Malacalza: "disconcerting, instrumental and reckless judicial action" -
Apollo, harsh reply to Carige's judicial offensive
Amissima, controlled by the Apollo fund, replies to the accusations of Banca Carige on the withdrawal of liquidity and claims compensation and indemnities if the contract for the sale of the insurance business were to fall
Good Banks: EU gives more time to sell, Atlas-Apollo axis ticks
There is a new deadline, but the Commission does not reveal it "to protect the effectiveness of the sales process" - In the meantime, the Atlante-Apollo idea emerges alongside the hypothesis of an Atlante-Ubi intervention
Bank of Italy: three offers for good banks
The Apollo and Lone Star Funds presented two binding offers for the en bloc purchase of the bridge banks created by the four credit institutions placed under resolution by the Government - One offer concerns Banca Etruria only, while Apax asks to re-enter…
Carige says No to Apollo
The non-binding nature of the proposal and the provision of an exclusive concession in favor of Apollo prompted the Carige board of directors to reject the proposal of the American fund - There would be no competitive comparison with other possibilities.
Banks: Apollo pressing on Carige
A "friendly" offer that would allow Carige to enter the aggregation scene - Apollo continues its moral suasion on Carige, while the Malacalza era officially begins with the establishment of the new board led by Guido Bastiani
Bag, Carige flies on Apollo offer
The Ligurian bank has confirmed the interest of the American fund Apollo both for non-performing loans and for an entry into the shareholding structure through a substantial capital increase, set at 550 million euros and subsequent Public Offer - Title +7% on the Stock Exchange.