Astaldi's update confirms recovery calculation

All,

Astaldi have released their business plan forecasts. Please find out updated analysis here.

The forecasts together with the assets, the proceeds of which are to be assigned to creditors, confirm our estimated recovery of ca. 45 c/E over the coming two years.

The bonds have been largely retail distributed and have become illiquid, but anyone with a smaller budget may still be able to acquire a position.

Wolfgang