In today’s (12/18/06) Wall Street Journal 'Money & Investing' section, there is an article on “Art of the Deal at Italian Banks: Lenders Mergers Accumulate Historic Paintings, Sculptures: Can Treasures be Leveraged?" p C1.
The article discusses how “a wave of mergers is sweeping through Italy’s staid banking sector, creating global powerhouses of fine art”. Its seems that the merger of Sanpaolo IMI and Banca Intesa, which will have a combined market capitalization of $89 billion, will also merge massive collections of fine art and historical properties, including paintings by Caravaggio, Max Ernst, etc.
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