A consortium of Roman entrepreneur Gaetano Caltagirona and insurance giant Generali has launched a non-binding offer for the 49% stake in the MPS real estate portfolio that the Italian financial group put up for sale last year. Italian paper Il Sole 24 Ore reported on Thursday that the MPS assets consist of around 500 buildings mostly in the Tuscany and Lombardy regions and with a market value totalling EUR 1.4bn.
A consortium of Roman entrepreneur Gaetano Caltagirona and insurance giant Generali has launched a non-binding offer for the 49% stake in the MPS real estate portfolio that the Italian financial group put up for sale last year. Italian paper Il Sole 24 Ore reported on Thursday that the MPS assets consist of around 500 buildings mostly in the Tuscany and Lombardy regions and with a market value totalling EUR 1.4bn.
According to market rumours, the portfolio could also include an additional EUR 400-500mln of real estate assets that MPS received earlier this year with the acquisition of bank Antonveneta.
Other bidders for the properties are said to be Beni Stabili, the office group controlled by France's Fonciere des Regions, Unicredit's fund management unit Fimit, Fortress and Italy's Sansedoni.
Earlier this week, MPS said it had sold the Palazzo Portinari Salviati property in Florence for EUR 44mln to Sansedoni.
