June 7, 2013 / 7:17 AM / 4 years ago

Italy's Risanamento shares higher on buyout talk

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MILAN, June 7 (Reuters) - Shares in Italian real estate company Risanamento rose sharply at the start of trade on Friday following a report an Italian businessman was considering buying a majority stake and launching an offer on the outstanding shares.

Luigi Zunino, the man who founded Risanamento, has tabled a binding offer to buy the stake in Risanamento from a series of banks and investors at 0.25 euros per share.

The paper said Zunino would then launch a bid on the shares he did not already own.

At 0705 GMT Risanamanto shares were up 6.7 percent at 0.2476 euros.

Risanamento was not immediately available for a comment.

Reporting By Stephen Jewkes, editing by Danilo Masoni

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