Italy's new private Atlante fund
to help weaker banks has garnered 4.249 billion euros from 67
Italian and foreign institutional investors including banks,
insurers, foundations and government bank Cassa Depositi e
Prestiti (CDP), sources said Friday. No single stake is over
20%. Atlante has a duration of 5 years, renewable for three, and
has a yield of 6% per year, source said.
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