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King Street Fund in pole position for Porta Vittoria

05 November, Il Sole 24 Ore

In the sale operation for the Porta Vittoria area in Milan, once the property of the developer Danilo Coppola, wins the American fund King Street. According to rumours, the American group has started the negotiations with the creditors of the area, bankrupted under the weight of 400 million debt, among which Banco Bpm with a credit of about 220 million. Competing for the area there are also York Capital and Apollo Fund. King Street might have found a dialogue with the creditors. The Porta Vittoria dossier is in the hands of the curators Vincenzo Masciello, Maurizio Orlando e Giorgio Zanetti. The starting price is 152 million and the auction will take place at the end of November.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

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