Lehman Brothers' investment vehicle Chrysalis has tendered about 61.33% of the quotas of the closed-end investment fund Beta Immobiliare which is managed by Fimit. The offer, which run until 21 September, was launched for about 268,000 units, or 100% of the issued units; and was conditional on the tendering of at least 51% of the fund.
Lehman Brothers' investment vehicle Chrysalis has tendered about 61.33% of the quotas of the closed-end investment fund Beta Immobiliare which is managed by Fimit. The offer, which run until 21 September, was launched for about 268,000 units, or 100% of the issued units; and was conditional on the tendering of at least 51% of the fund.
Chrysalis is offering 1,201.58 per quota, for a total of EUR 322 mln. Lenders Capitalia and Banca Monte dei Paschi di Siena acted as joint bookrunners for the offer. Beta Immobiliare owns commercial assets, mainly offices (82%) in Central Italy.
