Italian real-estate developer Risanamento SpA (RN.MI) said
Saturday its nine-month net loss widened to EUR213.2 million from a
loss of EUR168.6 million in the same period a year ago.
In a filing to the Italian stock exchange, the company added its
net debt rose to EUR2.86 billion in the first nine months ended
Sept. 30, from EUR2.64 billion at the end of Sept. 2008.
A Milan bankruptcy court last Tuesday approved a debt
restructuring plan for Risanamento.
The plan was approved by the judge after more than four months
of negotiations between creditor banks and talks with Milan
prosecutors. In July, prosecutors had advised the court to declare
the real estate developer bankrupt after it announced over EUR2.8
billion of debt.
Exchange Web site: www.borsaitaliana.it
-Enza Tedesco, Dow Jones Newswires,
enza.tedesco@dowjones.com
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