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Ex-Barclays CEO Bob Diamond is making a big bet on Italy just weeks before its crucial election





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  • Former Barclays CEO Bob Diamond plans to invest heavily in a new fund designed to lend to small businesses in Italy, Bloomberg reported.
  • The vehicle is being led by the former CEO of Italy’s second largest bank Intesa Sanpaolo, Corrado Passera. It will be known as Spax.
  • It plans to raise around €600 million of capital.

LONDON – Bob Diamond, the former CEO of Barclays, is making a big bet on one of Europe’s riskiest areas of investment — Italy.

Diamond’s private equity firm, Atlas Merchant Capital, is the top investor in a new €600 million (£533 million; $738 million) investment vehicle designed to read more >>>

Source:: BusinessInsider.Com

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