DeA, Fimit Sign Preliminary Agreement to Merge Their Real Estate Units

De Agostini’s Dea Capital SpA signed a “non binding memorandum of understanding” with Fimit Sgr to merge its First Atlantic Real Estate Sgr unit with Fimit Sgr, DeA said in its first-half financial report published today.

The merger would create “the biggest Italian independent real estate” fund manager with 8 billion euros of assets under management, the Italian company said in the report.

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