Beni Stabili could invest up to EUR 1 bn for acquisitions as it is actively looking for new opportunities in the property sector, ceo Aldo Mazzocco has told analysts. Mazzocco said that the debt-equity ratio of the group will remain at a good level during this anticipated acquisition spree. The Rome-based listed property company is already competing for properties being sold off by state-holding company Fintecna and analysts believe that acquisition opportunities will largely come from the real estate being sold off by the Italian government.
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