Sator backs the Banca

As Southern Europe unquote" was going to press, Sator Private Equity had invested EUR110m into Banca Profilo as part of a capital increase, taking a majority stake in the bank.

The capital increase will be structured in two tranches: one EUR30m tranche for the existing shareholders, guaranteed by Sator for the amount of EUR15m; and a second tranche of between EUR70-80m, without pre-emptive rights, reserved for Sator. At the conclusion of the subscription period it is intended that Sator Private Equity Fund's holding will amount to no less than 51% of the Bank's share capital. More information will follow in the next issue.

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