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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: Regulator Exempts Banks From Takeover Bid

04/09/2009 12:56am

Dow Jones News


Risanamento (BIT:RN)
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   DOW JONES NEWSWIRES 
 

Italian real estate company Risanamento SpA (RN.MI) said late Thursday that the country's stock-market regulator, Consob, has exempted Risanamento's creditor banks from making a takeover bid on the company.

Consob was to decide if the creditor banks of Risanamento - among them Intesa Sanpaolo SpA (ISP.MI), UniCredit SpA (UCG.MI), Banco Popolare SC (BP.MI) and Banca Popolare di Milano (PMI.MI) - that are supposed to take control of the real estate developer had to launch a takeover bid on the shares they don't control already.

Risanamento, which is facing bankruptcy saddled with debts of more than EUR2.8 billion, on Wednesday reached a deal with its creditor banks as part of the restructuring plan to save the company. The banks had conditioned the plan on the exemption of a mandatory takeover bid for Risanamento.

Exchange Web site: http://www.borsaitaliana.it

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

 
 

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