Background to Astaldi
In 2020 Astaldi filed for bankrupcy (Concordato) and forced the holders of its bonds to take a loss on their capital. During 2020 courts in Itlay sanctioned what is called a copmposition, meaning that creditors rights as bond holders are extinguished and exchanged for new creditor rights.
Clients with the bonds particularly the Bonds:
XS10000389608 , XS100393899 the US Bonds, and;
S1634544248 the UK Bonds (Obbligazioni UK)
Creditors received equity in Astaldi and new instruements called “Strumenti Finanziari Partecipativi”. These restructuring / recovery units are not listed and can not be traded on an exchange, but there is a solution. Southey Capital can make a market for these and can offer holders a price today for the recovery units.
Sale of SFP / Strumenti Finanziarie Partecipativi
We are interested in speaking to all creditors with the re-organaisation unites, we have Italian speaking colleagues that can assist in ever stage of the sale process and we can deal discretely with the sale process.
In the strictest of confidence please feel free to contact us to discuss the Astaldi liquidation.