Banks favour Colaninno for Piaggio-sources


MILAN, June 27 (Reuters) - U.S. investment fund Cerberus has made a bid for Italy's Piaggio but creditor banks of the famous Vespa scooter maker favour a rival offer by entrepreneur Roberto Colaninno, banking sources said on Friday. The sources said Cerberus submitted its offer on Thursday, the same day that Colaninno's Immsi holding group said it hoped to agree the acquisition of Piaggio by July 27. Immsi also said it had completed due diligence with Morgan Grenfell Private Equity, a ...

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