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13 February 2012

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Italy's Aedes reports e103m losses in 3Q08 as Sopaf withdraws capital offer

Struggling listed fund manager Aedes lost a critical life-line as equity manager Sopaf withdrew its capital increase offer for up to e171m. Aedes is now without a source of new capital as it solicits a new grace period from creditors. It reported a 3Q08 loss before taxes of e103m, compared to e17m profit in 3Q07.

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