Italy's troubled property developer Risanamento has reached a number of deals with its creditor banks as it works to stave off bankruptcy. The Milan-based firm was given the green light by its banks on a restructuring plan which will see some of Italy's major financial institutions take control of the company in the next few weeks in return for a EUR 500 mln refinancing agreement.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
