MILAN (MF-Dow Jones)--A Milan court has postponed the deadline
for the filing of the restructuring plan of troubled real estate
company Risanamento SpA (RN.MI) to Sept. 9, a person familiar with
the matter said Tuesday.
The original deadline for finalizing the group's restructuring
agreement was Tuesday, Sept. 1.
The board of Risanamento said Monday that it will reconvene in
the next few days to decide on the restructuring plan that could
save it from bankruptcy.
In a one-line statement, the Milan real estate developer said
Monday that it gave a mandate to its chairman to approve and take
emergency measures, without elaborating further.
In July, a state prosecutor in Milan requested Risanamento be
declared bankrupt. A court hearing to consider the request will be
held Sept. 22.
Creditor banks of the Milan-based company include Intesa
Sanpaolo SpA (ISP.MI), UniCredit SpA (UCG.MI), Banco Popolare SC
(BP.MI) and Banca Popolare di Milano (PMI.MI).
-By Paola Longo, with MF-Dow Jones, Dow Jones Newswires; +39 06
697 66920; giada.zampano@dowjones.com
