Italian banker dodges queries on Africa deals

The chairman of Italian banking group Intesa Sanpaolo, Gian Maria Gros-Pietro, says he knows nothing of his bank’s involvement in co-financing Atlas Merchant Capital’s takeover of Union Bank of Nigeria (UBN) or the pan-African Africell mobile-telephone network in cooperation with the US government’s Overseas Private Investment Corporation (OPIC). Sources in Washington say Intesa Sanpaolo has expressed interest in entering a co-financing […]