trending Market Intelligence /marketintelligence/en/news-insights/trending/h-t7olmwgz92qtjs8hq3ra2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Report: Italy receives at least 3 binding offers for 4 rescued banks

TMT: Leading Trends And What To Watch

US Utility Commissioners: A Key Factor In Assessing Regulatory Risk

The Essential Conference 2019 Highlight Reel

Municipal-Run Fiber Tops 280000 Subscribers In 2018


Report: Italy receives at least 3 binding offers for 4 rescued banks

The received at least threebinding offers forBanca delle Marche SpA,Banca Popolare dell'Etruria e delLazio SC, Cassa diRisparmio della Provincia di Chieti SpA and by the July 21 deadline,Reuters reported the same day, citing "a source close to the matter."

The four banks, which wererescued in November2015 with the help of a €3.6 billion deposit guarantee fund financed by otherItalian banks, attractedthe interest of Apollo GlobalManagement LLC and private equity firm Lone Star, a second sourcetold Reuters. The third bidder was not named.

Apollo was reportedly theonly bidder for thefour banks a day before the deadline.

Italy's banking association headAntonio Patuelli previously said other lenders will have to shell out moremoney if the four small banks are sold for less than €1.65 billion.