Colaninno says 27 banks will back Piaggio takeover

Newswire

RIMINI, Italy, Aug 26 (Reuters) - Entrepreneur Roberto Colaninno said on Tuesday that 27 banks had agreed to back his takeover of Piaggio, the maker of the scooters that have buzzed down the Italy's streets for decades. Colaninno also told a news conference in northern Italy that the deal with the banks could be finalised next week. "The 27 banks we have contacted have agreed to be part of the deal and should be ready by next week," he said. No financial details were disclosed. A ...

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