TELECOM ITALIA SELLS EURO 177 MILLION IN REAL ESTATE ASSETS.
| Position | Pirelli and Company Real Estate S.p.A. - Cypress Grove International Funds - Brief Article |
Telecom Italia SpA announced on December 30 that it has sold real estate assets worth euro 177 million to a group of investors including Pirelli & C Real Estate SpA and Cypress Grove International Funds. The Italian group indicated that the assets were managed through the Spazio Industriale fund which it sold to the group of investors. Telecom Italia expects to make a capital gain of euro 85 million on the deal and reduce its debt by 177 million. The sales are...
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