Mediobanca News

French conglomerate Bollore, run by the family of billionaire Vincent Bollore, said on Wednesday it had completed the sale of its Bolloré Africa Logistics arm to shipping company MSC Group.The Bolloré company added the transaction was on the basis of a 5.7 billion euro ($6.1 billion) enterprise value.“The Bolloré Group will remain strongly involved in Africa, notably through Canal+, and will also continue to develop on this continent its activities in many fields such as communications, entertainment, telecommunications and publishing,” added the company in a statement.The Bolloré company hold

Italy went to the polls on Sunday for a referendum on off-shore oil and gas drilling rights, a complex issue that the government hopes voters will shun. For the ballot to be valid, more than 50 percent of the Italian electorate must vote and Prime Minister Matteo Renzi has urged people to stay away, saying that the referendum is unnecessary and might end up hurting the economy. It would be a blow to Renzi if substantial numbers did turn out, suggesting voters were ready to snub him just weeks before major local elections. But opinion polls have indicated that a quorum will not be reached. The referendum focuses on whether Italy should stop renewing offshore drilling licenses within 12 miles (20 km) of the coast.

Italy's Fincantieri said on Tuesday it had filed a request to list its shares on the Milan bourse, as state lender Cassa Depositi e Prestiti (CDP) moves to offer private investors a minority stake in the ship building company. The disposal of Fincantieri - wholly owned by CDP, which in turn is controlled by Italy's treasury - is part of a new wave of privatisations the Rome government announced at the end of last year. Banca IMI, Credit Suisse, JPMorgan, Morgan Stanley and UniCredit CIB are global coordinators of the offering.

Eni has mandated Barclays, Goldman Sachs International, Mediobanca, Morgan Stanley, Société Générale and UniCredit Bank as Joint Bookrunners for its upcoming fixed rate Euro benchmark size 8 year bond offering and for the tap of its 12 year bond issued last September, both issued under its existing Euro Medium Term Notes Program. The bonds are to be issued within the framework of the Euro Medium Term Note Program and in accordance with the resolution adopted by Eni’s Board of Directors on May 30, 2013.

In 2010, Costa Crociere S.p.A. generated an impact of over $3.2 billion on the Italian economy. This is one of the findings of a study carried out by MIP, the Milan Polytechnic Business School. Costa Crociere S.p.A. is an Italian company headquartered in Genoa, which comprises 3 brands (the Costa Cruises brand, Aida Cruises for the German market, and Iberocruceros, which operates mainly for the Spanish- and Portuguese-speaking markets). It is one of Italy’s top 10 most profitable companies and ranks 49th in terms of turnover in Mediobanca’s 2010 survey of over 3,700 Italian enterprises that recorded revenue of at least $73 million the previous fiscal year.

Iridium Communications Inc. (Nasdaq:IRDM) announced that it has signed the definitive Coface Facility Agreement to finance its next-generation satellite constellation, Iridium NEXT. The syndicate of nine banks is led by Deutsche Bank AG, Banco Santander SA, Société Générale, Natixis and Mediobanca International S.A., and includes BNP Paribas, Crédit Industriel et Commercial, Intesa Sanpaolo S.p.A. and Unicredit Bank Austria AG. They will provide up to $1.8b of financing to Iridium for the design and manufacture of Iridium NEXT satellites. The funding under the Facility is subject to customary closing conditions, which are expected to be met shortly. The credit facility consists of two pro rata tranches. One tranche of up to $1.537b will bear a fixed interest rate of 4.96% per annum.