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Carige: the data room for the NPLs and the merger has already opened

06 February, Finanza Report

Carige has already begun the data room for the transfer of bad loans and the merger.

As announced by the newspaper La Stampa, the Treasury-owned Sgd has already accessed the documentation regarding the transfer of bad loans for 1.5 billion. The dossier seems to have gotten the attention of Credito Fondiario and Illimity.

Concerning the merger, the consultant Ubs has already opened the data room, which is accessible upon signing of a non-disclosure agreement. However, the transfer of bad loans might have the priority since this would make the bank more appealing to a subject potentially interested in the operation.

The Carige stocks continue being suspended on the Stock Exchange.

Source: Finanza Report

Translator: Cristina Ambrosi

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