Pignataro's ION Plans to Invest in Azimut-Backed Italian Fintech
Andrea Pignataro's ION Group plans to buy a minority stake in a new Italian digital bank backed by private equity firm FSI SGR SpA and asset manager Azimut Holding SpA, according to people familiar with the matter.
Pignataro's ION is set to take a roughly 6% stake in the venture, known as TNB, the people said, asking not to be identified discussing private information. Talks are ongoing and the size of the holding could still change, according to the people.
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