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Completion of the strategic agreement with the International Investors

Beni Stabili SIIQ, the leading property company in the Italian real estate sector, closed today the disposal of 40% stake in the largest Italian Real Estate Sicaf. The value of the stakes, which include the Telecom Italia location portfolio, is equal to approximately 1.5 billion Euros, along with the associated debt, which amounts to 0.8 billion Euros approximately.
Crédit Agricole Assurances and EDF Invest have each acquired a 20% stake in the Sicaf from Beni Stabili. Beni Stabili maintains control over the Sicaf through its 60% stake.
This landmark transaction confirms the appeal of Italian real estate for long-term international investors and constitutes a key stage in the strategy of Beni Stabili.