Atlante garners 4.25 bn from 67 investors (2)

(ANSA) - Milan, April 29 - 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.