Risanamento Board To Reconvene To Decide On Restructuring Plan
August 31 2009 - 2:53PM
Dow Jones News
The board of Italian real estate developer Risanamento SpA
(RN.MI) on Monday said that it will reconvene in the following days
to decide on a restructuring plan that could save it from
bankruptcy.
In a one-line statement, the Milan real estate developer said
that it gave a mandate to its chairman to approve and take
emergency measures, without further elaborating.
Risanamento is facing bankruptcy if it doesn't present a plan to
a bankruptcy court in Milan by Tuesday.
The Risanamento board was scheduled to release first-half
results Monday but the company may postpone.
-By Sabrina Cohen, Dow Jones Newswires; 39-02-5821-9906;
sabrina.cohen@dowjones.com
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