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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 Submitted Indus Plan To Milan Judge Tuesday - Source

08/09/2009 12:44pm

Dow Jones News


Risanamento (BIT:RN)
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MILAN (MF-Dow Jones)--Risanamento SpA (RN.MI) Tuesday presented its new industrial plan to a Milan judge that will decide after a Sept. 22 hearing if the Italian real estate developer should be declared bankrupt, a person with knowledge of the situation said Tuesday.

Last week, a Milan judge ordered Risanamento to submit a rescue plan by Sept. 9.

In July, a state prosecutor in Milan requested that Risanamento be declared bankrupt after its debt surpassed EUR2.8 billion. At the same time, founder Luigi Zunino resigned from his post as board member of Risanamento, in a move that was seen as a first step toward restructuring.

-By Paola Longo with MF-Dow Jones, Dow Jones Newswires, +39 02 5821 9906; sabrina.cohen@dowjones.com

 
 

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