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npl-reo Market News: Italian Real Estate Intelligence

Intrum, Amco and Illimity acquired NPLs from Mps for €900 mln
05 August, Finance Community Following a tender to acquire NPLs amounting to €900 million originated from MPS (Banca Montepaschi di Siena), Intrum got €365 million (primarily unsecured loans), Amco bought non-performing loans for €208 million, and Illimity acquired corporate loans for €340 million. The operation will be completed by Q4 2022. Source: Finance Community Translator: Cristina Ambrosi
Intesa Sanpaolo sold non-performing loans for €1.4 bln
01 July, Credit Village Intesa Sanpaolo announced the transfer to AMCO of an NPL portfolio deriving from leasing amounting to €1.4 billion. The portfolio mainly consists of corporate leasing contracts, most of which are backed by assets. With this operation, AMCO confirms its intention to support banks in their de-risking operations. Source: Credit Village Translator: Cristina Ambrosi
Illimity acquired Arec for €40 mln
11 May, Milano Finanza Illimity announced the acquisition of Aurora Recovery Capital (Arec) for a €40 million enterprise value. The company operates in UTP management specializing in corporate real estate. The acquisition will lead to the creation of a new servicer for distressed corporate credits with a focus on unlikely-to-pay credits. Source: Milano Finanza Translator: Cristina Ambrosi