Prelios completes debt restructuring with convertible bond

Newswire

MILAN, Aug 26 (Reuters) - Italian property firm Prelios issued on Monday a 233.5 million euro ($312.3 million) convertible bond, the last step in a recapitalisation that has turned tyremaker Pirelli and the country's two largest banks into leading shareholders. Prelios, hit by writedowns in a recession-hit home market, approved a turnaround plan in May to restructure 561 million euros in debt that included the bond as well as two capital increases worth a total of 185 million ...

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Insights

Feb 10, 2017
Video
WardsAuto

Volvo V60 Polestar 2.0L Turbo/Supercharged DOHC 4-cyl. -- 2017 Award Acceptance

Stefan Hermelin, general manager-Monitoring & Concept Center, accepts Volvo Cars' award at the 2017 Wards 10 Best Engines ceremony....More

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×