09
March
2010
|
14:42
Europe/Amsterdam
Pirelli RE: Board of Directors approves annual financial statements for 2009
Milan, 9 March 2010 - At today's meeting, the Board of Directors of Pirelli & C. Real Estate examined and approved the annual financial statements for 2009, which will be presented for the approval of the ordinary shareholders' meeting scheduled for 19 April 2010.
In the year just ended, the Pirelli RE Group carried on its process of turnaround, involving a plan to reduce costs and regain efficiency, an organizational overhaul and a strengthening of capital, combined with a refocusing of the business model towards asset & fund management activities and specialized services, with the goal of increasing the level of recurring results.
