17.12.2015 - Italian state lender to set up equity fund for family businesses
State-owned Italian bank Cassa Depositi e Prestiti (CDP) is to set up a private equity fund to help family businesses, but a family business expert questions to what degree it will achieve its aim of helping them go public. CDP will act as an anchor investor and invite foreign investors and sovereign wealth funds to buy shares in the companies. Professor Alfredo De Massis, director of the Centre for Family Business at Lancaster University says the fund will help business go public, but some might be reluctant to initial public offerings (IPO) due to cultural bias...............................................Full Article: Source
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