Cerberus seals purchase of Italian state-owned properties-source

April 15, 2015 6:26 PM

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MILAN, April 15 (Reuters) - U.S. investment firm Cerberus Capital Management has sealed the purchase of five Italian state-owned properties for more than 225 million euros ($241 million), a source close to the matter said on Wednesday.

The sale comes at a time of rising investor interest in Italian assets thanks to the government's reform push and tentative signs the country could emerge from a three-year recession.

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