Transaction / Assets NPL and UTP portfoliosSeller MpsBuyer Illimity Bank€ MM 700
Illimity acquired NPLs and UTPs from Mps for 700 million euro
02 August, Borsa Italiana
Illimity Bank announced the completion of two acquisitions from Mps concerning NPLs and UTPs for a total value of 700 million. About 240 million euro of the credits come from the agricultural market, while 450 million are corporate unsecured loans.
Source: Borsa Italiana
Translator: Cristina Ambrosi