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Intesa won't take more than 20%

Says CEO Messina

Redazione Ansa

(ANSA) - Turin, April 13 - 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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