Latest news with #AndreaPignataro
Bloomberg
11 hours ago
- Business
- Bloomberg
Pignataro's ION Plans to Invest in Azimut-Backed Italian Fintech
Andrea Pignataro's ION Group plans to buy a minority stake in a new Italian digital bank backed by private equity firm FSI SGR SpA and asset manager Azimut Holding SpA, according to people familiar with the matter. Pignataro's ION is set to take a roughly 6% stake in the venture, known as TNB, the people said, asking not to be identified discussing private information. Talks are ongoing and the size of the holding could still change, according to the people.
Bloomberg
08-06-2025
- Business
- Bloomberg
ION Founder to Pay €280 Million to Settle Tax Probe: Carlino
ION Group founder Andrea Pignataro has reached an agreement with Italian tax authorities to pay €280 million ($319 million) to end a probe into alleged tax evasion, Il Resto del Carlino reported on Sunday. Prosecutors in Bologna, where the fintech billionaire was born, had originally sought up to €1.2 billion in arrears, interest and other costs relating to a period up to 2023, according to the newspaper. He'll make the payments in instalments over five years, Carlino said. While a criminal case against him remains open, the settlement could work in his favor in that process, the newspaper said.
Bloomberg
11-04-2025
- Business
- Bloomberg
ION Plans to Hire Veteran Italian Spy in Major Security Push
ION Group's Andrea Pignataro is planning to hire one of Italy's former top spies in a bid to boost the company's offering of financial security services. The London-based fintech firm is in advanced talks with Italy's top intelligence body's former deputy director Giuseppe Del Deo for a senior security role at the company, according to people familiar with the matter. Officials at the intelligence body, also known as DIS, report to the Prime Minister.
Bloomberg
10-04-2025
- Business
- Bloomberg
Italy Seeks €1.2 Billion From ION's Pignataro in Tax Probe
Italian authorities are seeking as much as €1.2 billion ($1.3 billion) from London-based ION Group founder Andrea Pignataro as part of a probe over alleged tax evasion, according to people familiar with the matter. Prosecutors in Bologna, where the fintech billionaire was born, are asking him to pay arrear taxes for the 2016 to 2023 period to the tune of around €500 million, said the people, who asked not to be identified because they aren't authorized to talk about it. The bill could rise to €1.2 billion, including interest and other costs, they people said.
Reuters
09-04-2025
- Business
- Reuters
Exclusive: Italy seeks $1.3 bln from fintech group ION in tax evasion probe, sources say
ROME, April 9 (Reuters) - Italy is seeking 1.2 billion euros ($1.3 billion) from fintech group ION following a probe by prosecutors in the northern city of Bologna into alleged tax evasion over the 2013-2023 period, two people with knowledge of the matter said. The investigation adds to a string of tax evasion cases in Italy targeting U.S. tech companies, which are also at the centre of a wider EU response to the trade war sparked by U.S. President Donald Trump's administration. ION Group is a privately held provider of financial services software and data based in Dublin and with offices across the globe which was founded by Andrea Pignataro, an Italian businessman hailing from Bologna. ION has spent around 6 billion euros on a series of acquisitions in Italy in recent years as Pignataro works to build a hub to provide data and digital services to smaller banks. The sum Italy's tax authorities are demanding from ION includes up to 500 million euros in missing revenues, which more than doubles when interest payments are added, one of the sources said. ION's lawyers are in discussions with the Italian tax authority to contest the claims, the person added. The charge is failure to file a tax return, the second source said, with prosecutors and Italy's tax police in Bologna alleging that the company declared income abroad that was actually produced in Italy. Reuters reported last month that Italy had handed tax demands to Meta (META.O), opens new tab, X and LinkedIn in an unprecedented VAT claim against the U.S. tech giants that could have repercussions across the EU.
