A producer of electronic gates has left assets worth 1.7 billion euros (NZ$2.7 billion) to the Catholic Church in Italy.
The donation in the Italian man’s will includes a majority stake in his company, news reports said yesterday.
“We will continue the work of our benefactor in the interests of FAAC and its employees,” Andrea Moschetti, the lawyer appointed by the Church to manage its assets, was quoted as saying by business daily Il Sole 24 Ore.
Moschetti also ruled out selling the Roman Catholic Church’s stake to a group of French minority shareholders who hold 34 per cent of the company.
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