Italian 'good banks' may see renewed bids from private equity if talks with UBI Banca falls through - report (translated)
Private equity firms could re-enter the race for four Italian “good banks” restructured in a government-backed bailout, Italian-language daily Il Sole 24 Ore reported.
The unsourced report said that Apollo [NYSE: APO] and Lone Star, which made offers for Banca Etruria, Banca Marche,CariFe and CariChieti in the summer, could return to the table if UBI Banca withdraws from the bidding.
The report said that other private equity firms could also become involved.
The report further noted that UBI Banca is interested in Banca Etruria, Banca Marche and CariChieti. The report said that UBI's stance on the dossier is likely to become clearer by next week.