Reuters
Italian asset manager Azimut Holding set out plans on Thursday to spin off part of its network of financial advisers and merge it into a new digital bank, adding it was looking at outside investors taking a stake of up to 50% in the new unit. Azimut said the plan was to list the business within the next 6-9 months in a move that would boost the value of their investment for existing shareholders. Presenting the plan, Chairman Pietro Giuliani said it had already drawn interest from banks who might want to invest.