BUZZ-Prelios: shares soar on report of investor interest

Tue Aug 18, 2015 5:08am EDT
 
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** Shares in Italian property firm Prelios rise 15 pct following a report in Italian daily Corriere della Sera about possible interest from international investors in taking a stake in the company

** Prelios announced on Aug. 6 a spin-off of its non-core assets to focus on its real estate services business, co plans to launch a 66.5 million euro share sale by the end of the year

** In an unsourced report, Corriere says that U.S. private investment firm Starwood Capital, George Soros's investment fund Quantum Strategic Partners, property company CBRE Group have informally expressed an interest in becoming shareholders

** Prelios declined to comment. The three potential investors were not immediately available for comment

** Traded volumes are nearly 3.5 times the daily average of the past month. Italy's all-share index is down 0.1 percent (andrea.mandala@thomsonreuters.com)