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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

Italy's Risanamento 9-Mo Loss Widens To EUR213.2 Million

16/11/2009 12:04am

Dow Jones News


Risanamento (BIT:RN)
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Italian real-estate developer Risanamento SpA (RN.MI) said Saturday its nine-month net loss widened to EUR213.2 million from a loss of EUR168.6 million in the same period a year ago.

In a filing to the Italian stock exchange, the company added its net debt rose to EUR2.86 billion in the first nine months ended Sept. 30, from EUR2.64 billion at the end of Sept. 2008.

A Milan bankruptcy court last Tuesday approved a debt restructuring plan for Risanamento.

The plan was approved by the judge after more than four months of negotiations between creditor banks and talks with Milan prosecutors. In July, prosecutors had advised the court to declare the real estate developer bankrupt after it announced over EUR2.8 billion of debt.

Exchange Web site: www.borsaitaliana.it

-Enza Tedesco, Dow Jones Newswires, enza.tedesco@dowjones.com

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