Italy's Generali Group and Pirelli Real Estate are interested in purchasing a stake in a new property company that Italian bank Monte Paschi di Siena (MPS) is setting up to manage its real estate portfolio, Italian news agency ANSA reported, without quoting sources.
Italy's Generali Group and Pirelli Real Estate are interested in purchasing a stake in a new property company that Italian bank Monte Paschi di Siena (MPS) is setting up to manage its real estate portfolio, Italian news agency ANSA reported, without quoting sources.
The new real estate company will be 51%-controlled by MPS and 49% by a joint partner. The new firm would manage MPS' real estate portfolio worth between EUR 1.5bn and EUR 1.8bn. Binding offers to acquire a stake in the new firm are to be made next week, according to the news agency.
