Italy's Prelios approves debt restructuring, capital increase

Newswire

MILAN, March 27 (Reuters) - Italian real estate management company Prelios said on Wednesday it approved a 561 million euro ($717 million) debt restructuring plan, as well as a 185 million euros capital increase. The heavily indebted company manages properties in Italy and Germany and has been hit hard by writedowns on real estate investments in its recession-hit home market. Prelios said its net loss for 2012 was 241.7 million euros, compared to a loss of 289.6 ...

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