Telecom Italia announces the closing of the sale of Telemaco Immobiliare S.p.A. to Mirtus, a company indirectly controlled by the American real estate investment trust, Whitehall, which is promoted by the Goldman Sachs group.
As announced on 5 July, the value derived from the sale of 100% of Telemaco Immobiliare is approximately 570 million euros and depending on the return value of some of the assets during 2002, some price adjustments are expected in favour of the sellers.
(source: Telecom Italia)