AGP Executive Report
Last update: 10 hours agoM&A in Italy’s tech scene: Bending Spoons (Nasdaq-listed) agreed to buy US software firm Airtable in an all-cash deal worth $1.285bn (about $2.25bn including net cash), its first acquisition since IPO, with closing expected by year-end pending approvals. Renewables deal with Italy footprint: Shell will sell its European onshore wind and solar portfolio to TotalEnergies, including assets in Netherlands, Spain, Italy and the UK (~500MW), as Shell pivots capital to higher-return areas. Italian business & consumer demand: Italy’s new car registrations rose 3.9% year-on-year in July to 123,184, with Chinese brands gaining ground while Stellantis grew more slowly. Energy stress from drought: Water shortages in Italy’s Po basin are forcing manufacturers to step up recycling, but broader adoption is still blocked by infrastructure and sector barriers. EU migration pressure hitting Italy: Italy is pushing EU “return centre” hubs modeled on Albania, with possible locations including Armenia, as the bloc debates stronger border controls after the Ceuta crisis. Heatwave risk: Italy placed 25 of 27 major cities on red heat alert, underscoring rising operating and health costs across the economy.
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