(Bloomberg) Deloitte LLP is offering Italy’s builders a way to get billions of euros in unpaid bills from public works projects off their balance sheets — selling them at a discount to hedge funds. Construction companies that say they incurred costs in excess of agreed terms of public infrastructure projects have to pursue the difference in what can be a lengthy legal process. The consultancy firm has set up a platform for them to sell those claims on Italian state entities and municipalities to investors, according to people familiar with the matter who asked not to be identified because it’s private.
Italy’s Late Bill Payments Open New Market for Hedge Funds
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