The Intesa Sanpaolo bank will not
take more than a 20% stake in the new Atlante fund to help
weaker Italian banks, if its participation is approved, CEO
Carlo Messina said Wednesday.
The new Atlante fund for Italy's bank sector aims to obtain
three billion euros from Italy's healthy banks, with giants
Intesa SanPaolo and Unicredit chipping in about one billion
each, various qualified sources said on Wednesday.
UBI is set to contribute 250 million, the merging BPM-Banco
Popolare 200 million and BPER 150, with the medium-sized lenders
contributing about 75 million each, the sources said.
They said the fund was aiming to offer a yield of around 6%
to investors, an attractive level at a time of zero interest
rates.
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