Ex-Barclays CEO Bob Diamond is making a big bet on Italy just weeks before its crucial election
|02/13/2018||Posted by BusinessMediaguide.Com under General World News||
- 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 >>>