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Conducted towards controlled administration, Attestor fades

The Board has forwarded the request to the Ministry of Development. Time too short to materialize the offer made by the British fund

Conducted towards controlled administration, Attestor fades

The financial offer of the British fund Attestor Capital for the arrangement with creditors of Condotte d'Acqua Spa fades away, and the company (number 3 in the construction industry in Italy until 2016) is quickly heading towards the extraordinary administration of "large companies" pursuant to the law Marzano. The board of directors sent the request to the Mise to access the Marzano law.

The rumors about Condotte's future are reported by Sole 24 Ore Radiocor Plus According to the agency, Attestor's offer, received on Wednesday 11 and given as binding in the company's communications at the Mise table meeting, however would not have been binding. It was a "binding draft proposal", which, however, would only become binding after the go-ahead from Condotte's board of directors and the subsequent approval of the Attestor board in London. Officially, Attestor pulled out 'due to lack of time', given that the plan had to be presented to the Court of Rome by 18 July. Be that as it may, late Thursday evening the Condotte board definitively approved the request to the Mise of Marzano administration.

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