Bloomberg News

Prelios May Need 150 Million-Euro Capital Boost, Repubblica Says

August 12, 2012

Prelios SpA (PRS) may need to raise as much as 150 million euros ($184 million) in capital after writedowns that will lead to a loss of about 120 million euros for the first half, la Repubblica reported, without saying how it obtained the information.

Fortress Investment Group LLC (FIG:US) and Massimo Caputi are considering separate bids for Prelios and may make formal offers next month, according to the daily newspaper.

To contact the reporter on this story: Elisa Martinuzzi in Milan at emartinuzzi@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net


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Companies Mentioned

  • FIG
    (Fortress Investment Group LLC)
    • $7.25 USD
    • 0.02
    • 0.28%
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