Aeroporti di Roma: The Mark of Geronzi

For optimists, the wave of bank mergers sweeping through Italy marks the dawn of a bright new financial age. But the battle over Rome’s airports suggests that the darkness has not yet fully receded. Macquarie Airports should be thankful it got out of this situation - and at a good price too. The Australian bank, which own 45% of Aeroporti di Roma, has long been a disgruntled junior partner in the project. Its Italian partner Gemina, which controls 51%, is a holding company co-owned by some of t...