Italy

Italy's competition authority penalises Revolut €11.5m for misleading investment claims

Italy's competition authority fined several Revolut group companies a total of €11.5 million, including a €5 million penalty on Revolut Securities Europe UAB and Revolut Group Holdings for failing to give clear investment information and for aggressive account-management practices.

Italy · Fintech & Payments ·

Leonardo acquires Iveco Defence Business for €1.6bn

Ownership and operational control of the spun-off IDV Group—including the IDV and ASTRA brands and seven R&D centres—now rests with Leonardo, consolidating responsibility for design, development and production of tracked and wheeled armoured, logistic, and tactical military vehicles under Leonardo's corporate control.

Brazil · Mergers & Acquisitions, Manufacturing ·
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