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.
The initiative is the first of many more planned by the CDP as part of its plans to invest in domestic companies and help boost the country’s economy.
The private equity fund is one of the pillars of the new business plan.
