Italian listed real estate company Risanamento could sell assets worth up to EUR 1 bn in a move aimed at reducing the company’s debt, Italian newspaper Il Sole 24 Ore reported on Wednesday, without quoting sources. According to the paper the company, which is headed by Luigi Zunino, has received a spontaneous offer for its entire trading portfolio. The paper did not disclose the name of the bidder.
Italian listed real estate company Risanamento could sell assets worth up to EUR 1 bn in a move aimed at reducing the company’s debt, Italian newspaper Il Sole 24 Ore reported on Wednesday, without quoting sources. According to the paper the company, which is headed by Luigi Zunino, has received a spontaneous offer for its entire trading portfolio. The paper did not disclose the name of the bidder.
Risanamento, which owns a real estate portfolio valued at EUR 5 bn, said earlier this year that it was considering the sale of its trading portfolio including non-strategic assets.
