On 21 March, Friday, Banca d’Italia placed under receivership Banca Progetto, a portfolio company of Oaktree Capital Management that Milan Court placed under judicial administration in October 2024 for money laundering and poor KYCs procedures (see here a previous post by BeBeez). For such a reason, Centerbridge Partners suspended the acquisition of Banca Progetto. The Italian central bank appointed Lodovico Mazzolin and Livia Casale as extraordinary commissioners and Domenico Posca, Nicola Marotta and Francesco De Santis as members of that surveillance board. Andrea Varese is the new ceo of Banca Progetto after Paolo Fiorentino resigned from the role on 26 February, Wednesday.
Milan-listed multiutility Iren paid 74.8 million euros for acquiring a further 47.23% of troubled Piedmont competitor Egea Holding of whiche purchased a 50% in August 2024 for 85 million (see here a previous post by BeBeez). Luca Dal Fabbro is the executive chairman of Iren.
Milan-listed financial firm Equita Group promoted Luigi de Bellis and Simone Riviera as co-coos (see here a previous post by BeBeez). The directors will report to Equita Group’s ceo Andrea Vismara. De Bellis previously worked for Deutsche Bank, UniCredit and Banca Aletti. Riviera is an alumnus of Goldman Sachs and Mediobanca. On 29 April, Tuesday, Equita Group will hold a shareholders meeting and eventually appoint vice-coo and Co-Head of Alternative Asset Management Paolo Pendenza as ceo of Equita Capital and replace Matteo Ghilotti that may become executive vice-president while Stefano Lustig will be non- executive president.
