Italy Fund May Take Main Stake in Bank IPO as Investors Balk

  • Atlante expected to take up `vast majority' of capital raise
  • Institutional investors said to subscribe 5% to 10% of IPO

Italy’s government-orchestrated banking rescue fund will probably buy most of the shares in a planned 1.5 billion-euro ($1.7 billion) capital increase for Banca Popolare di Vicenza SpA, with institutional investors showing little interest, according to terms of the deal seen by Bloomberg.

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