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  "documentTitle": "CPI Property Group (CPIPGR)",
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  "presentationDate": "2024-01-25 00:00:00",
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  "notes": "The slide uses a direct excerpt from a financial report to substantiate a claim about transaction structure.",
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      "text": "CPI PG's financials state that CPI Italy 130 SPV is the entity that acquired the receivables. They also show that the consideration to purchase the receivables was €28.5 million. Below is CPI PG's disclosure from its 2021 report (emphasis added):",
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      "text": "3.6 Property asset acquisitions in 2021\nCollina Muratella Complex\nOn 12 March 2021, the Group acquired 100% share in three Italian companies Millenium S.r.l., Freccia Alata S.r.l. and Peabody Lamaro Roma S.r.l. forming Collina Muratella Complex, a landbank for a planned residential complex in Rome, Italy. As part of the transaction, the Group purchased bank loans below their nominal values through its newly-founded investment vehicle CPI Italy 130 SPV.\nTotal consideration of the acquisition was EUR 35.3 million (including EUR 28.5 million paid by the Group to settle the bank loans).\nThe acquisition was recognized as a property asset acquisition as the company does not represent a business as defined by IFRS 3.",
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      "text": "4 CPI PG Annual Management Report 2021, Pg. 127.",
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      "kind": "title",
      "text": "Collina Muratella – CPI Buys the Entities and Loan Receivables",
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