QuattroR and Italmobiliare in exclusive talks to buy control of Ferrarini Group

Italy's private equity firms QuattroR sgr e Italmobiliare spa confirmed yesterday rumors about talks to buy control of Ferrarini, a leading ham and parmesan cheese producer, now entirely owned by the second generation of the Ferrarini family or Luca, Licio, Licia, Lisa e Lia, the children of the founder Lauro Ferrarini (see here the press release). Il Messaggero newspaper actually wrote on Wednesday June 13th that the Ferrarini group is suffering under a big debt burden which had raised after some new loans that the group received from Veneto Banca in order to be able to buy shares of Veneto Banca itself.  Veneto Banca then was close to bankruptcy as it was Banca Popolare di Vicenza and the two banks were rescued by Intesa Sanpaol