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Margin gap complicates Milan Metro 5 expansion financing

06 February 2012

Read more: [milan] [astaldi] [ansaldo] [alstom]

The sponsors of Milan's Metro Line 5 project and its advisers are set to meet this week to discuss the combined expansion and refinancing. The sponsors have twice blown the deadline for financial close, and given that the deal includes the refinancing of an existing concession, it is not clear when close will...


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