Morgan Stanley, Pirelli eye two Italian funds

By A staff reporter 2007-05-22T00:00:00

Morgan Stanley Real Estate Special Situations Fund and Italy's largest property manager Pirelli Real Estate have teamed up in a joint venture to bid almost EUR 54 mln for two Milan-listed real estate funds. Pirelli and the Morgan Stanley fund are to offer EUR 590 a share for 568,999 shares ...

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