Italian real estate developer Risanamento SpA (RN.MI), some EUR2.8 billion in debt, kicked off its court-approved rescue plan by starting to meet with buyers for the former Falck steel works, a person familiar with the situation said Monday.

The company has received requests for meetings from several top international buyers interested in acquiring the land at the former steelworks for development, the person said.

The company has called an extraordinary shareholders' meeting which will take place January 29 or January 30 to approve an EUR150 million capital increase and an EUR350 million bond issue, it said last month.

Risanamento said last month it sees its full-year loss at about EUR250 million.

-By Danilo Caselli, MF-Dow Jones and Jennifer Clark, Dow Jones Newswires; 39 02 58 21 9904; jennifer.clark@dowjones.com
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