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13 February 2012

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Italy's Aedes accepts terms of e150m capital increase

Listed Italian fund manager Aedes has accepted the terms of a e150m capital increase proposal from VI-BA, a unit of steel manufacturing group Amenduni, and private developer Isoldi Immobiliare. The offer provides hope for Aedes, which stays afloat only thanks to the good grace of its creditors, after equity manager Sopaf withdrew its capital increase offer of e171m last month.

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