18.10.2011 - Lehman Italian real estate may reap $160 mln gain
Lehman Brothers Holdings Inc.’s Italian real-estate fund could make “an immediate substantial gain” after a restructuring that released 116 million euros ($159.5 million) of blocked assets, Lehman creditors said. The defunct firm’s commercial-paper unit has stakes in 14 office buildings and 20 Telecom Italia SpA switching stations in Rome, Milan and other Italian cities as a result of loans made in 2007, according to court documents..............................................Full Article: Source
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