Immit Immobili Italiani, the real estate investment company which manages the property assets of bank Intesa Sanpaolo, said on Monday it will distribute 100% of its profits as dividends in 2008 and 2009. IMMIT chief executive Eugenio Kannes said during the presentation in Milan of the company's initial public offering that the payout ratio after that will be at least 85%, in line with the requirements stipulated by legislation on Italian real estate investment trusts.
Premium subscriber content – please log in to read more or take a free trial.
