MILAN (Reuters) - Italian real estate company Risanamento (RN.MI: Quote, Profile, Research) said its 2007 loss widened more than tenfold as the property market worsened, forcing it to obtain a loan from banks and try to sell assets.
The net loss totalled 91.7 million euros ($144.5 million), compared to net loss 8.7 million euros in 2006, the company said in a statement late on Friday.
"The changed market scenario, in addition to having strongly influenced the results, caused a situation of financial tension," Risanamento said.
