Wednesday, March 12, 2008

Pirelli Italy real estate may sell non-performing loan business

MILAN (Thomson Financial) - Pirelli & C Italy Real Estate SpA may sell its non-performing loan business, the daily Il Sole 24 Ore said on Saturday without giving a source.

The move could be outlined in a business plan its parent company Pirelli & C SpA is scheduled to present mid-May, it added.

Pirelli RE has previously said it will present its three-year 2008-2010 business plan on May 8, along with first-quarter results.

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Tuscany Real Estate

Tuscany Real Estate