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Italian lender UniCredit to sell property assets worth 2.5b euros

Wednesday, February 18, 2015 - 05:50

Milan

UNICREDIT SpA is planning to sell 2.5 billion euros (S$3.9 billion) of property, including the home of one of the world's oldest pawn shops, as Italy's biggest lender seeks to strengthen its balance sheet.

Office buildings, bank branches, retail outlets and residential units