Economic Calendar

Saturday, November 22, 2008

Italian Banks Agree to Refinance Zaleski Debt, Corriere Says

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By Adam L. Freeman

Nov. 22 (Bloomberg) -- Italian banks will sign an agreement next week to refinance debt held by financier Romain Zaleski’s holding company, Corriere della Sera reported, without saying where it got the information.

Intesa Sanpaolo SpA, UniCredit SpA, Banca Monte dei Paschi di Siena SA, Unione di Banche Italiane SCPA and Banca Popolare di Milano Scarl on Nov. 25 will sign the agreement to assume debts Zaleski’s Carlo Tassara SpA owes to Royal Bank of Scotland Group Plc and BNP Paribas SA, the report said.

To contact the reporter on this story: Adam L. Freeman in Rome at afreeman5@bloomberg.net




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