Banco Ambrosiano
While serving as a director of Banca San Paolo di Brescia in 1982, then Treasury Minister Nino Andreatta asked him to contribute to the bailout of Banco Ambrosiano, the Italian bank overwhelmed by the Calvi scandal. He became chairman of Nuovo Banco Ambrosiano and managed the sale of Rizzoli-Corriere della Sera (now RCS MediaGroup), the market-leading editorial group that Angelo Rizzoli had sold to Calvi. At the time, Rizzoli-Corriere della Sera was Italy's largest editorial group. As chairman of Mittel, one of the companies that took part in the acquisition of Rizzoli-Corriere della Sera, he benefited personally from the transaction.