Transaction / Assets NPL portfolioSeller CarigeBuyer Amco€ MM 2800
Carige sold NPLs for 2.8 billion to Amco
23 December, Bebeez
Carige transferred NPLs for 2.8 billion euro to the Italian Treasury-owned Amco (former SGA) in the bailout process of the bank. The portfolio is composed for 60% of UTPS, including some large single name holdings, and bad loans for the remainder.
Source: Bebeez
Translator: Cristina Ambrosi