CashNews.co
A little over a week ago, Italian Finance Minister Giancarlo Giorgetti approached some of the country’s wealthiest investors to finally pull off what his predecessors failed to do: Return Banca Monte dei Paschi di Siena SpA to private ownership while keeping it Italian.
Among those listening to his pitch were Francesco Gaetano Caltagironethe billionaire owner of the Messaggero newspaper, and the Del Vecchio family, founders of Ray-Ban maker EssilorLuxottica SA, according to people familiar with the matter. In the course of 10 days, Giorgetti also spoke to executives at Banco BPM SpA and got the green light from the Bank of Italy and European Central Bank.