INTESA SANPAOLO: NOT A PARTY TO THE SALE OF THE PROPERTY IN VIA DELLA STAMPERIA IN ROME
Milan, 1 February 2012- With reference to the news concerning the sale by Omega Fund of a property located via della Stamperia in Rome, Intesa Sanpaolo, in order to provide a more comprehensive information outlook, specifies that the Omega Fund is not owned by it and is an entirely independent entity. Intesa Sanpaolo, following the transfer of a significant portion of its real estate assets to the fund itself, currently holds a 30% interest in the Omega Fund, where other institutional investors also hold units.
The real estate asset management of the Omega Fund and hence the definition of a contract for the sale of a property owned by it fall within the purview of an Asset Management Company (AMC) which manages the Omega Fund’s real estate assets autonomously, in accordance with the principles laid down by sector regulations. Consequently, the AMC, in managing the Omega Fund’s real estate assets, does not act on behalf of Intesa Sanpaolo.
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Last updated 1 February 2012 at 14:27