Pirelli, Morgan Stanley get go-ahead for funds' bid

Gamma RE, a joint venture between Italian giant Pirelli Real Estate and Morgan Stanley, has received authorisation from Italian stock market regulator Consob for the publication of documents relating to public tender offers for the Tecla and Berenice funds. Both are closed-ended office real estate funds listed on the MTF segment of the Italian Stock Exchange and are managed by Pirelli. The acceptance period of the tender offer runs from 11 June to 2 July 2007.

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