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Risanamento inks deal to sell French assets for 1.2 billion euros
April 9, 2014 / 4:55 PM / 4 years ago

Risanamento inks deal to sell French assets for 1.2 billion euros

MILAN (Reuters) - Italian real estate group Risanamento (RN.MI) said on Wednesday it had signed a preliminary deal to sell all its nine French properties for 1.225 billion euros ($1.69 billion).

    UK-fund Chelsfield and The Olayan Group will buy eight of the French assets, while Risanamento shareholder Luigi Zunino will buy one subject to conditions, it said in a statement.

    ($1 = 0.7234 Euros)

    Reporting by Francesca Landini, editing by Danilo Masoni

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