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 wins e76m in fresh capital; bankruptcy ruling deferred
Italy's debt-laden Risanamento has secured a further credit line of e76m from banks, sending its shares up over 14%. The move came just prior to Milan judges delaying their decision on whether the group should be declared bankrupt, without setting a new date for the ruling. Prosecutors have requested bankruptcy for Risanamento while its banks seek a way to rescue the company, which has e3bn of debt, with a plan that needs court approval.