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Possible partnership of Intesa Sanpaolo with Prelios regarding UTPs

04 May, Milano Finanza

Intesa Sanpaolo is currently negotiating a deal with Prelios concerning its UPTs amounting to 10 billion euro in total. The servicer might acquire a UTP portfolio for four billion and manage UPTs for other six billion which would be still held by the bank. Although the selling price for the portfolio hasn’t been disclosed yet, it might be sold at 50-55% of its nominal value with a 36.2% coverage.

Source: Milano Finanza

Translator: Cristina Ambrosi

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