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A Bet on a Busted Airline Is Poised for a $100 Million Payoff
Italian financial firm J-Invest stands to gain after a court ordered Italy’s government to compensate Itavia’s creditors and shareholders.
31 Jan 2023, 08:09 AM IST
(Bloomberg Businessweek) -- In 2008, Jacopo Di Stefano opened a small investment company aiming to buy loans taken out by bankrupt Italian businesses. The wheels of Italian justice can move excruciatingly slowly, so he figured he could make some money by giving frustrated creditors a tiny fraction of the face value of loans that they’d long given up on and cashing in if they’re ever paid off. Working alone, he spent hours studying c...
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