Whitehall offer for Berenice includes put option in favour of UGI

By A staff reporter 2007-06-26T00:00:00

Whitehall funds' offer for Berenice closed-end office fund comprises a put option on 30% of the fund in favour of Italy's Unione Generale Immobiliare (UGI), a company indirectly owned by Italian entrepreneur Francesco Gaetano Caltagirone. On the other hand, UGI has a call option on the same stake, Italy's Consob, ...

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