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DeA, Fimit Sign Agreement to Merge Real Estate Businesses

Aug. 30 (Bloomberg) -- 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.

Link to Company News:{DEA IM <Equity> CN <GO>} Link to Company News:{2177Z IM <Equity> CN <GO>}

To contact the editor responsible for this story: Tommaso Ebhardt at tebhardt@bloomberg.net

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