PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Italy's Risanamento nears bankruptcy as banks discuss bond guarantees
Creditor banks of troubled Italian real estate group Risanamento are considering guaranteeing a e220m bond as part of a deal to bail out the company, but a meeting in late August was held without all yet having agreed. A court hearing on a bankruptcy ruling is due on 22 September. The board of Risanamento, struggling under e3bn of debt, cleared the guidelines for a e500m restructuring plan late in July. Magistrates set a 1 September deadline to finalise the plan after a Milan state prosecutor in July requested that Risanamento be declared bankrupt.