Romano Minozzi

Romano Minozzi (born 1935) is an Italian billionaire businessman.[1][2]

Biography

Romano Minozzi was born in 1935.[3] He holds a degree in economics from the University of Bologna.[3]

Minozzi began his career at a bank in Modena, where he developed an interest in the stock exchange.[3]

In 1961, with a 300-million-lira loan from Mediobanca, he acquired a struggling ceramics company, which he renamed Iris.[3] Iris expanded internationally during Italy's postwar economic growth and manufactures products such as bathroom tiles and wall slabs.[3]

During the early 2000s, Minozzi became interested in the stock market and acquired a minority stake in Mediobanca. He also served a three-year term on Ferrari's board.[3][4] In 2010, he acquired a 4.2% stake in the Rome-based transmission system operator Terna for $173 million, selling it three years later for approximately $465 million.[3] In 2016, he acquired a 3% stake in Snam for about $660 million and obtained shares in Italgas after its spinoff from Snam.[3]

Minozzi stepped back from the daily management of Iris in December 2017, naming his daughter Federica as CEO.[3] In 2020, he was listed on Forbes' World's Billionaires list.[3]

References

  1. ^ "Mediobanca, Minozzi: "Nagel ascolta solo i banchieri, apra ai 5 di Milleri"". Affaritaliani.it. September 28, 2023.
  2. ^ Finanza, MF Milano (April 19, 2018). "Romano Minozzi e Lazard si rafforzano nel capitale di Italgas | MilanoFinanza News". MF Milano Finanza.
  3. ^ a b c d e f g h i j Tognini, Giacomo. "How An Italian Entrepreneur Built A $1.6 Billion Fortune Investing In Energy Companies". Forbes.
  4. ^ "Mediobanca: si rompe il fronte anti-Mps. Minozzi (Iris Ceramica): "Operazione positiva". E Gavio vende - Panorama". www.panorama.it.
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