07 January, Bebeez
Illimity and Cordifin acquired two four-stars hotels in Venice, Ai Cavalieri and Ai Reali, for €50 million from AMCO, Intesa and Prelios. The operation was carried through securitisation with two tranches backed by assets. Illimity subscribed the senior tranche, while Cordifin subscribed the junior one.
Translator: Cristina Ambrosi