Investing
Italy and BlackRock discuss potential data centres investment
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ROME (Reuters) – Italian Prime Minister Giorgia Meloni met the head of the U.S. fund BlackRock Inc, Larry Fink, in Rome on Monday to discuss possible
ROME (Reuters) – Italian Prime Minister Giorgia Meloni met the head of the U.S. fund BlackRock Inc, Larry Fink, in Rome on Monday to discuss possible investments in data centres and supporting energy infrastructure, her office said.
The Rome government and the world’s largest asset manager agreed to set up a working group to discuss possible projects to work on together, the statement said.
Meloni and Fink also discussed investment opportunities in national transportation infrastructure and other unspecified sectors of a strategic nature, the statement added.
BlackRock has a strong presence in Italy and holds 7% of UniCredit and 5% of Intesa Sanpaolo, the country’s top two banks.
(Reporting by Giuseppe Fonte; Editing by Gavin Jones and David Goodman)
Investment refers to the allocation of resources, usually money, to generate income or profit. This can include purchasing assets, stocks, or bonds with the expectation of future returns.
Data centres are facilities used to house computer systems and associated components, such as telecommunications and storage systems. They are crucial for storing, processing, and managing data.
Infrastructure financing involves funding for the construction and maintenance of essential facilities and systems, such as transportation, energy, and communication networks, often through public-private partnerships.
Energy infrastructure includes the facilities and systems that generate, transmit, and distribute energy, such as power plants, electrical grids, and renewable energy sources.
Financial services encompass a broad range of services provided by the finance industry, including banking, investment, insurance, and asset management, aimed at managing money and investments.
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