Fondiaria-Sai to spin off EUR 323m of assets to new fund

By A staff reporter 2009-10-19T00:00:00

Italian insurance group Fondiaria-Sai and its unit Milano Assicurazioni have approved a plan to spin off EUR 323 mln of real estate into a new closed-end fund. The Fondo Rho investment vehicle will have a life of 10 years and will be managed by Italian fund manager Fimit.

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