PropertyEU - April 6, 2009
Italy's Caltagirone Group is said to be the frontrunner in a bid to acquire the real estate assets that Monte Paschi di Siena bank put on the market last year, news agency Radiocor reported. The properties, worth a total of EUR 2.2 bn, are being sold in a sale and leaseback operation managed by Mediobanca. According to media reports, Mediobanca is working on the creation of a consortium of investors including Credit Suisse which would buy the bulk of the properties.
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