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13 February 2012

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Intesa Sanpaolo cancels Immit REIT IPO, citing poor market conditions

Italy's second-largest bank, the Milan-based Intesa Sanpaolo, has canceled an initial public offering of its real estate company Immobili Italiani, Immit, which would have been the first Italian Real Estate Investment Trust (Società di Investimento Immobiliare Quotata, SIIQ) in the market.

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