According to the Forbes website this morning, legendary real estate investor Tom Barrack may be looking to buy Italian property company Aedes. From the piece:

Shares in Italy’s Aedes rise as much as 6.1 percent after a report says that a deal to aid the property company, which last month admitted a ‘rocky financial position’, is close to being finalised.

Newspaper Il Sole 24 Ore says Colony Capital LLC Chairman Tom Barrack and Italian real estate magnate Vittorio Casale will meet in coming days, probably by Friday, to detail an offer for Aedes real estate and the offer could be presented around Sept. 8…

Source:

“Stocks News Europe”
Forbes, September 3, 2008

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