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At today's meeting, the Board of Directors of Prelios (formerly Pirelli RE) examined and approved the Company's proposed annual financial statements for 2010, which will be presented for the approval of the forthcoming ordinary shareholders' meeting. The Board of Directors also approved the 2011 Budget and the targets for 2012-2013.
In the year just ended, the separation from Pirelli & C. was completed with effect from October 25th, 2010 with the allotment of Prelios ordinary shares to the ordinary and savings shareholders of Pirelli & C. The new name of Prelios came into effect upon conclusion of this process and reflects the Company's repositioning as a pure real estate manager after completing the turnaround started in 2009.
In the year just ended, the separation from Pirelli & C. was completed with effect from October 25th, 2010 with the allotment of Prelios ordinary shares to the ordinary and savings shareholders of Pirelli & C. The new name of Prelios came into effect upon conclusion of this process and reflects the Company's repositioning as a pure real estate manager after completing the turnaround started in 2009.