Attestor Capital makes €200m offer for Condotte

The report said €50m will be used to meet the firm's immediate cash requirement, with the remainder released once Condotte is placed in bankruptcy protection.

The offer must be made binding by 6 July or Condotte's management board will declare Condotte insolvent and request the Ministry of Economic Development place the company into administration.

Codotte generated revenues of €1.17bn and EBITDA of €98.3m in 2016. However, it has been plunged into crisis by its sizeable debt and difficulty collecting payments.

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• Topics
• Buyouts
• Southern Europe
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• Italy
• Turnarounds