(Alliance News) - The board of directors of Aedes SIIQ Spa, which met on Monday, approved the 2023 budget guidelines, postponing some actions planned in the 2020-2026 Business Plan for the current year, with particular reference to real estate divestments and developments.

The company explained in a note that it "believes that the economic targets in the Plan for 2023 in relation to rental revenue and Ebitda as well as the LTV capital target are reasonably achievable.

As for GAV's capital target, its achievement will be deferred due to any planned but already deferred acquisitions of income portfolios and due to the future development of real estate initiatives once the specific new project assumptions in relation to them are defined."

Domus - the current controlling shareholder of Aedes Group - has also informed the company of its willingness to provide Aedes with financial support as part of its ordinary operations, in the amount of approximately EUR8 million, which will be provided as an interest-bearing shareholder loan.

Aedes SIIQ on Monday closed 0.2 percent in the red at EUR0.29 per share.

By Chiara Bruschi, Alliance News reporter

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