Private equity in talks to acquire Intesa asset manager
Intesa Sanpaolo is in preliminary talks with private equity group Hellman & Hellman to sell a stake in its asset management business, Banca Fideuram.
Reports suggest Hellman is interested in buying a minority stake in the Italian retail bank's asset management arm.
Intesa Sanpaolo has been considering an IPO of the business for some time, and market analysts believe it could list up to 60% of Banca Fideuram.
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