Astaldi update

All,

Please find an update on Astaldi here.

Given the opacity and binary nature of our nearly 3% Astaldi position, we are looking into downsizing - if liquidity allows.

We find trading levels mathematically fair, and chances are good that Salini is successful in finding an anchor investor. But find the bet rather too large for our book and the name has disappointed us before.

Anyhow, we may be stuck with it now. 

Wolfgang