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October 18th

Palazzo Regione Lombardia - Auditorium Testori

Piazza Città di Lombardia 1, Milano

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MF Fashion

Class CNBC

Class Life

Bank of America Merrill Lynch

Bank of America is one of the world's leading financial institutions, serving individual consumers, small- and middle-market businesses, large corporations and governments with a full range of financial and risk management products and services.

The company serves clients through operations in more than 40 countries globally.

Bank of America Merrill Lynch is the marketing name for the global banking and markets businesses, offering an integrated and comprehensive set of products and services: Global Corporate and Investment Banking and Global Markets teams serve the needs of corporate, institutional and government clients, combining the best of local knowledge and global expertise.

The company is a long-established participant in EMEA with a presence since 1922.

Active in Italy since the 1960s, Bank of America Merrill Lynch has grown to offer a wide range of Investment Banking and Corporate Banking activities in the region, providing strategic advice as well as debt and equity products, financing, risk management, capital raising services and innovative financial solutions for a broad range of Italian corporates and financial institutions.

In recent years, Bank of America Merrill Lynch has continued to be involved as a leading financial advisor, equity and debt underwriter and lender, and has been involved in several of the most important Italian Corporate and FIG transactions.

In M&A, the Bank has played a pivotal role in the structuring and set-up of Atlante fund, the combination of Banco Popolare and Banca Popolare di Milano, the combination of Fiat and Chrysler, the acquisition of Grand Marnier by Campari, the acquisition of Rhiag by LKQ, the acquisition of Istituto Centrale delle Banche Popolari (ICBPI) by Bain Capital/Advent International/Clessidra consortium, the sale of B&B Italia to Investindustrial, the sale of WDF by Edizione to Dufry, the reorganisation of Enel’s business in LatAm (Enersis), the sale of First Reserve’s PV portfolio (SunReserve) to Tages.

In Equity Capital Markets, the Bank has consistently ranked among the top players in Italy.

With respect to IPOs, Bank of America Merrill Lynch has for example recently managed the offers for Poste Italiane, OVS, Moncler and Brunello Cucinelli.

The Bank has also historically led most of the largest and most visible capital committed rights issues, including the c. €3bn BMPS and the €850m Banca Carige share sales in 2015, as well as the Banco Popolare c. €1bn rights issue this year.

The Bank has also a clear leadership in accelerated placements, having for example recently led the €2.2bn placing by the Italian Treasury in Enel shares, the €380m placing in Mediaset by Fininvest and the €325m placing in Galp by Eni.

Bank of America Merrill Lynch is also acting as advisor to the Ministry of Finance in the privatization process of Ferrovie dello Stato and is currently mandated to manage the upcoming selldown of another tranche of Poste Italiane shares and the future capital increase of BMPS.

While maintaining its role as leading bank in advising Italian issuers in accessing the US public and private capital markets, the Bank has established itself also as one of the most active and respected players in the European capital markets and financing activities.

Significant transactions where the Bank had a leading role include Ferrari’s €2.5bn inaugural bank facilities and award-winning debut unrated issuance; Pirelli’s €1.6bn bridge to High Yield facility; Enel’s $500m tax equity financing in the US; several Eurobond issues for sophisticated issuers such as FCA Bank, Terna and Eni as well as PartnerRe’s debut in EUR and innovative liability management exercise for Snam.

The bank also has an outstanding global treasury platform and works, among others, with prominent Italian fashion houses. In the financial institutions sector, the Bank can be considered as the leading house for Peripheral issuers across the Capital Structure, having participated in all the recent subordinated transactions for major Italian counterparties such as UniCredit’s first Tier2 transaction placed in the institutional market since October 2013 as well as in both (and solely) forays in the Subordinated market so far this year for Intesa Sanpaolo: the issuer’s inaugural Eur-denominated Additional Tier1 transaction and a US$-denominated Tier2 transaction.

The Wall Street Journal

Regione Lombardia