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Rome: Finnat interested in Palazzo Altieri

24 April, Il Sole 24 Ore

Italian bankers have found a buyer for Palazzo Altieri, the 16th-century building which accommodates the Abi headquarters: Banca Finnat. The Abi management has already started evaluating the possible next location. The managers are intending to buy a property in Milan. For this purpose, the General Director Giovanni Sabatini was appointed for the selection among about a dozen options, and the final decision is expected by the next meeting of members in May in Milan. The decision of selling Palazzo Altieri, a property subject to very strict restrains, to find a more functional location reflects the radical change in strategy by the Ceo Antonio Patuelli. Only five years ago, the company was still buying portions of the building – such as Sala della Clemenza – through a capital increase of Bancaria Immobiliare. The optimization of the Rome offices includes also the termination of the very expensive lease of the former “Bottegone”, once the PCI headquarters.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

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