PropertyEU

Milan court approves Risanamento's restructuring plan

By A staff reporter 2009-11-16T00:00:00

A Milan court has given the long-awaited go-ahead for the restructuring of Italian troubled real estate developer Risanamento. The court ruled that a EUR 500 mln debt restructuring programme, combined with the issue of EUR 350 mln of convertible bonds, was sufficient to keep the company afloat for the coming ...

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