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Italy's Prelios plans to halve debt over next 30 months
June 12, 2014 / 1:00 PM / 3 years ago

Italy's Prelios plans to halve debt over next 30 months

MILAN, June 12 (Reuters) - Italian real estate company Prelios said on Thursday its debt would fall to 200 million euros ($272 million) at the end of 2016, from 388 million euros as of December 2013.

The group, which it in talks with U.S. private equity fund Fortress for a possible partnership, expects the operating profit of its service platform to grow by 40 percent by the end of 2016. ($1 = 0.7345 Euros) (Reporting by Francesca Landini)

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