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13 February 2012

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Italy's Monte Paschi, Lehman in JV to move e100m assets off book

Italy's Sansedoni and Lehman Brothers have completed the acquisition of Vim, a unit of Siena-based bank Monte Paschi di Siena, which owns a portfolio of 188 commercial real estate with market value around e100m no longer considered central to the bank's business.

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