Tuesday 23 July 2013

UPDATE 1-Italy's Risanamento says no bid from Qatar/Hines | Reuters

UPDATE 1-Italy's Risanamento says no bid from Qatar/Hines | Reuters:

"Italian property developer Risanamento has not received a bid from Qatar Holding and Hines Development, it said on Monday, after a newspaper report that the duo were looking at its assets sent its shares higher.

Italy's Il Sole 24 Ore said on Sunday the Qatari sovereign wealth fund had approached shareholders in Risanamento, which is struggling to return to profitability after avoiding bankruptcy in 2009, about buying assets in France and Italy.

Risanamento said it had received some expressions of interest in its Parisian holdings from international investors in the recent past, but had not considered selling the assets."

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