BOD APPROVES 2013 DRAFT SEPARATE AND CONSOLIDATED FINANCIAL STATEMENTS

Apr 09 2014
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PRELIOS: IN 2013 PRELIOS COMPLETES IMPORTANT TURNAROUND PHASE, ACCELERATING RATIONALIZATION, WITH A COST SAVING ALREADY ACHIEVED FOR €14 MILLION AND STARTING AN INTENSIVE DEVELOPMENT ACTION TO INCREASE AUM AND SERVICE PLATFORM REVENUES. WITH THIS VIEW THE GROUP IS CONSIDERING INDUSTRIAL PARTNERSHIPS AND HAS REACHED THE AGREEMENT ON A MEMORANDUM OF UNDERSTANDING WITH FORTRESS GROUP FOR A POSSIBLE INTEGRATION IN REAL ESTATE ASSET MANAGEMENT AND NON PERFORMING LOAN SECTORS AS WELL AS FOR ADDITIONAL BUSINESS SYNERGIES.