Boscolo chairman removed; may open way for stake sale - Boscolo not quoted
Angelo Boscolo has been removed as chairman of troubled Italian hotel group Boscolo, Italian-language daily Il Messaggero reported.
The unsourced report said that he has been replaced by his brother Giorgio, adding that Angelo Boscolo is believed to have been removed at a shareholders' meeting of Boscolo SAS, the family holding, on 12 May.
The item claimed that the removal of Angelo Boscolo could unblock the sale of a stake to a partner for the group.
According to the report, possible partners are Blackstone, Starwood and CdP Immobiliare.
The item noted that Boscolo has debts of EUR 320m.
Il Messaggero