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13 February 2012

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Italy's Risanamento e4.3bn divestment program remains stuck as losses deepen

Milan-based listed property developer Risanamento said it has yet to close a major sale in its program to unload roughly 75% of it assets, which have a declared worth of e4.3bn, and is still negotiating a e75m credit line from a consortium of banks plus creditor moratoria on defaults.

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