AGP Executive Report
Last update: 10 hours agoGrowth Outlook: Giorgia Meloni acknowledged that Italy’s growth is weak but said the economy has proved resilient; she suggested GDP could rise by as much as 1% this year, above the government’s 0.6% forecast. Banking: Unipol won ECB and Bank of Italy approval to raise its stake in BPER beyond 20%, giving it de facto control. Telecoms: Inwit’s main shareholders are discussing a possible buyout with banks, with Mubadala expected to join the deal. Consumer Deals: H.I.G. Capital completed the sale of beauty retailer Pinalli to Milan-based Borletti Group; Pinalli reported €197 million in 2025 revenue. Industry: Italy’s industrial output fell unexpectedly in August, while former Ilva steelworkers plan to strike as a shutdown threatens thousands of jobs. Brussels has also rejected Italy’s request for more flexibility under EU fiscal rules. Data Centres: Core Stack and Green Arrow plan to invest more than €1 billion in an Italian data-centre network.
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