Bloomberg Italy’s Atlante, the government-orchestrated banking fund, raised € 4.25 billion ($4.9 billion) from 67 domestic and foreign institutions to help the country’s lenders build capital and reduce bad debt. Atlante, which targets a 6 percent annual return from investments, will invest as much as 70 percent of its money in capital increases by Italian banks, Quaestio Capital Management, ...

  Reuters Turkish conglomerates are racing to add high-end apartment blocks and office towers to Istanbul’s rapidly-changing skyline, turning to one of the world’s most profitable real estate markets for quick returns as other parts of the economy suffer. Anadolu Holding, which has interests in banking, retail and brewing, plans to venture into real estate with two developments in Istanbul ...

  Bloomberg Cousins Properties Inc. agreed to buy Parkway Properties Inc. for about $1.95 billion in stock, then spin off the combined company’s Houston office buildings into a separate real estate investment trust. Parkway shareholders will receive 1.63 shares of Cousins stock for each share they hold, the companies said in a statement. The deal values Parkway at $17.46 a ...