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UniCredit to approve the transfer of the Parnasi assets to Cpi Property Group

14 January, Il Sole 24 Ore

The Board of UniCredit is about to approve the transfer of the Parnasi real estate assets to the Czech Cpi Property Group. The bank has an exposure towards Parnasi for about 500 million euro. The operation will concern company shares as well as credits. In the meantime, the stadium and the land in Tor di Valle owned by the Parnasi subsidiary Eurnova might go to Cpi Property Group, whose total investment will amount to 400 million.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi