Following the acquisition of receivables in respect of Sirti for a total nominal value in excess of Euro 285 million, the platform took part in a restructuring transaction pursuant to article 67, paragraph 3, letter d) of the Italian bankruptcy law, as a result of which the entire share capital of Sirti has been acquired by the newco PS Reti S.p.A., a company belonging to the Pillarstone platform.
In the context of this transaction, the Platform provided new finance resources equal to Euro 25 million to service the restructuring plan approved by the company.