Italy real estate firm Prelios seals 185 mln euro rescue deal

Newswire

MILAN, Dec 22 (Reuters) - Loss-making Italian real estate asset management company Prelios said it sealed a capital increase and debt restructuring deal, enabling it to remain a going concern. Under the agreement, first outlined in November and finalised on Friday, Prelios plans a capital increase of 185 million euros, of which at least 100 million euros will in be in cash and the rest a debt-for-equity swap. The company will also renegotiate its debt of about ...

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