The Quaestio private investment
firm is weighing whether to split the activities of its new
Atlante fund in two with a new half that would be wholly devoted
to non-performing loans (NPLs), sources told ANSA Thursday. The
first half, worth 2.5 billion euros, would deal with saving two
Veneto banks, while the second half managing the NPls would be
worth 1.75 billion euros. The operation would require another
3-5 billion euros, with the Treasury chipping in some 500
million euros, the sources said while government bank Cassa
Depsiti e Crediti would contribute some 700 million. Italian
banks are weighed down by NPLs and the government has been
considering ways to help them out. German Chancellor Angela
Merkel has ruled out changing a new bail-in mechanism to allow
for limited State aid because of the financial shock from
Brexit.
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