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.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
