Atlante2 has done it: it has already raised 1,7 billion euros from shareholders and aims to reach 2,5-3 billion by September.
the launch of the new fund, led by Alessandro Penati, is essential to normalize the Italian banking situation and bring bad debts under control by disposing of difficult loans (Npl).
The new resources will in fact be used to buy packages of NPLs and lighten the banks.
The first intervention by Atlante2 will concern Monte dei Paschi which, with the help of the fund, is therefore seeing the first part of its demanding recovery plan materialize.
