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The Italian state company that took on soured debt from two failed Venetian banks is seeking partners to help restructure companies struggling to repay 9 billion euros ($11 billion) of loans, according to people with knowledge of the matter.
The collapse of Banca Popolare di Vicenza and Veneto Banca left tens of thousands of small businesses in the northern Veneto region without access to financing. They hold billions of euros in loans classed as unlikely to pay tha…
Read the full article at: https://www.bloomberg.com/news/articles/2018-03-12/italy-is-said-to-seek-help-to-reorganize-firms-owing-11-billion
