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Mps is selling NPLs up to 2 billion

10 August, Soldi Online

Milano Finanza analysed the re-risking strategy of Monte dei Paschi di Siena. After the securitisation for 26 billion, the bank is allegedly planning another transfer of NPLs for 2 billion euro. The project is named Morgana, and it concerns leasing activities. The teaser for this new project has been sent to about ten specialised investors. The non-binding offers are expected by the end of September.

According to Milano Finanza, the initial project implied the transfer of the whole Mps Leasing & Factoring, the company of the group managing the leasing business, but the strategy had then changed.

Source: Soldi Online

Translator: Cristina Ambrosi

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