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Unipol: Sale of 500 properties to be concluded within 2017

Posted: 5 September 2017

After the sale in the first half of the year of a part of the package of 500 properties located in various parts of Italy, Unipol now plans to sell the remaining part within this year.

The group’s ceo Carlo Cimbri announced the transaction, for around €100 million.

The goal is to reduce exposure to real estate by surrendering less profitable assets without a significant impact on 2017 accounts.

Ongoing disposal activity is accompanied by works to those properties which remain in the portfolio.