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Intrum and Credito Fondiario competing over Cerved NPL division

04 December, Il Sole 24 Ore

Intrum and Credito Fondiario are the only two players left in the bid over Cerved Credit Management Group, the Cerved business unit specialised in the management of impaired loans. The due diligence is expected for next week, and the binding offers in three weeks. However, Cerved might also suspend the negotiation in case of no satisfying offers.

The business unit manages credits for 53.3 billion euro, 43.8 billion of which are impaired, while are the rest are non-performing. Cerved Credit Management currently accounts for 35% of the revenues of the group and 29% of its Ebitda.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

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