MILAN, Oct 31 (Reuters) - Italy's debt-laden real estate company Risanamento said on Saturday it has drawn up a list of candidates for a new board which will lead its restructuring if a court rejects call for bankruptcy.
Prosecutors have requested bankruptcy for Risanamento while its banks attempt to rescue the company, which has 3 billion euros ($4.45 billion) of debt, with a plan that needs court approval.
Risanamento's proposed new board list includes Claudio Calabi, chief executive of Italy's leading financial newspaper Il Sole 24 Ore, according to the company statement.
Market expectations that Calabi would lead Risanamento's turnaround as its new chief executive pushed shares in the battered real estate group nearly 10 percent higher on Friday, Italian newspapers said on Saturday.
(Reporting by Svetlana Kovalyova; editing by Michael Roddy) ($1=.6746 Euro) Keywords: RISANAMENTO/ (svetlana.kovalyova@thomsonreuters.com; +39 02 661 29450; Reuters Messaging: svetlana.kovalyova.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Prosecutors have requested bankruptcy for Risanamento while its banks attempt to rescue the company, which has 3 billion euros ($4.45 billion) of debt, with a plan that needs court approval.
Risanamento's proposed new board list includes Claudio Calabi, chief executive of Italy's leading financial newspaper Il Sole 24 Ore, according to the company statement.
Market expectations that Calabi would lead Risanamento's turnaround as its new chief executive pushed shares in the battered real estate group nearly 10 percent higher on Friday, Italian newspapers said on Saturday.
(Reporting by Svetlana Kovalyova; editing by Michael Roddy) ($1=.6746 Euro) Keywords: RISANAMENTO/ (svetlana.kovalyova@thomsonreuters.com; +39 02 661 29450; Reuters Messaging: svetlana.kovalyova.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
