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RN Risanamento

0.0248
-0.0061 (-19.74%)
Last Updated: 09:51:53
Delayed by 15 minutes
Share Name Share Symbol Market Type
Risanamento BIT:RN Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0061 -19.74% 0.0248 0.026 0.0234 0.0299 0.0248 0.0285 24,316,445 09:51:53

Court Delays Risanamento Restructuring Plan Deadline -Source

01/09/2009 12:09pm

Dow Jones News


Risanamento (BIT:RN)
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MILAN (MF-Dow Jones)--A Milan court has postponed the deadline for the filing of the restructuring plan of troubled real estate company Risanamento SpA (RN.MI) to Sept. 9, a person familiar with the matter said Tuesday.

The original deadline for finalizing the group's restructuring agreement was Tuesday, Sept. 1.

The board of Risanamento said Monday that it will reconvene in the next few days to decide on the restructuring plan that could save it from bankruptcy.

In a one-line statement, the Milan real estate developer said Monday that it gave a mandate to its chairman to approve and take emergency measures, without elaborating further.

In July, a state prosecutor in Milan requested Risanamento be declared bankrupt. A court hearing to consider the request will be held Sept. 22.

Creditor banks of the Milan-based company include Intesa Sanpaolo SpA (ISP.MI), UniCredit SpA (UCG.MI), Banco Popolare SC (BP.MI) and Banca Popolare di Milano (PMI.MI).

-By Paola Longo, with MF-Dow Jones, Dow Jones Newswires; +39 06 697 66920; giada.zampano@dowjones.com

 
 

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