Italy has picked the consulting firm Deloitte as its financial adviser in settin...
FILE PHOTO: Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo
Invimit, an asset-management company owned by Italy’s economy ministry, will team up with Deloitte to create the fund, which will be called Dante. Its assets will be public properties in city centers that are already rented out or soon will be. Legal firm DLA Piper will also act as adviser. Invimit is required to contribute 610 million euros, 500 million through the Dante fund and 110 million through the direct sale of properties.
Under European Union budget rules, property disposals reduce both public debt and deficit. They will help Italy to meet a 2019 budget deficit goal of 2% of its gross domestic product that it agreed with the European Commission earlier this month.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Leona Lewis set to marry this weekend in Italy - detailsFormer X Factor winner Leona Lewis set to marry Dennis Jauch this weekend in Italy
Read more »
Italy considering a 10 billion euro tax reduction package in next budget: paperItaly is considering a package worth about 10 billion euros ($11.1 billion) in i...
Read more »
https://people.comGet the latest news about celebrities, royals, music, TV, and real people. Find exclusive content, including photos and videos, on PEOPLE.com.
Read more »
Mark Wahlberg Vacationing in Italy For 10-Year Wedding AnniversaryMark Wahlberg celebrating 10-year wedding anniversary with family vacation to Italy.
Read more »
Meet Madame Miranda, the Italian Answer to GlamsquadThe beauty on-demand platform launched by YNAP former executives Diamante Rossetti and Gioia Fiorani is increasingly gaining popularity in Italy and has just debuted a cosmetics line.
Read more »