Deutsche Bank, Pirelli RE & Beni Stabili bid for Unicredito property (IT)

Deutsche Bank unit Deutsche Bank Real Estate, Pirelli & C Real Estate SpA and Beni Stabili SpA have been shortlisted to purchase 300 mln eur worth of property assets from Unicredito Italiano SpA, the daily Il Sole 24 Ore said citing market sources.

The daily added that Unicredito Italiano confirmed that three companies have been shortlisted without elaborating.

Umberto Soprani, general manager of Unicredito´s unit UniCredit Real Estate, was quoted as saying that the details of the sale have not yet been decided but the group could either sell the property assets, sell the company that controls them (Cordusio Immobiliare) or set up a joint venture with a partner.

According to Il Sole 24 Ore, Unicredito is inclined to creating a joint venture, to which the bank could transfer the assets held by Cordusio Immobiliare and hold an about 20 pct stake, it said.
Source: Freeman

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