Sunday, February 3, 2008

Pirelli RE to bid for real estate funds

According to the daily, UniCredit's objective is not to sell the funds controlled by Pioneer but to find a partner with whom to develop and grow the real estate business.

UniCredit will retain a minority share in the asset management company that will take over the funds with a stake that will be defined when the closing of the deal is made, the daily said.

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Tuscany Real Estate

Tuscany Real Estate