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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

Risanamento Board To Reconvene To Decide On Restructuring Plan

31/08/2009 7:53pm

Dow Jones News


Risanamento (BIT:RN)
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The board of Italian real estate developer Risanamento SpA (RN.MI) on Monday said that it will reconvene in the following days to decide on a restructuring plan that could save it from bankruptcy.

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

Risanamento is facing bankruptcy if it doesn't present a plan to a bankruptcy court in Milan by Tuesday.

The Risanamento board was scheduled to release first-half results Monday but the company may postpone.

-By Sabrina Cohen, Dow Jones Newswires; 39-02-5821-9906; sabrina.cohen@dowjones.com

 
 

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