Atlante fund will buy 92% of Banca Popolare di Vicenza in its first deal. The fund had raised 4.25 bn euros

Atlante fund will buy 92% of  Banca Popolare di Vicenza capital in its first deal since the Italian Government sponsored veichle was launched for saving Italy's distressed banks (see here a previous post by BeBeez). The announcement followed the official presentation of the fund last Friday April 29th by Quaestio Capital management sgr  (download  here the presentation). The fund raised 4.25 billion euros from 67 Italian and international counterparts with banks, banking foundations, insurance companies and Cassa Depositi e Prestiti among them. The fund might be reopened inthe future as investors wil vote so with a 66.6% majority. Alessandro Penati and Paolo Petrignani, Quaestio Capital Management sgr's chairman and ceo respectivel