(Reuters) A group of four international investment funds offered to inject 1.6 billion euros ($1.79 billion) of fresh capital into two ailing Italian banks in Veneto at the end of May, sources told Reuters, but their plan was not pursued by Rome along with more recent approaches to be part of a rescue deal.
Investment firms Sound Point Capital, Cerberus, Attestor and Varde submitted a rescue proposal for Banca Popolare di Vicenza and Veneto Banca on May 30, said the sources, who declined to be named as the matter is confidential. They picked Deutsche Bank to work on the deal, partly due to its expertise with troubled Greek banks.
