Transaction / Assets Two UTP portfoliosSeller NABuyer Illimity€ MM 120
Illimity completed two new UTP operations totalling 120 mln €
02 November, Credit Village
Illimity Bank S.p.A. announced the completion of two UTP transaction for a total GBV of 120 million €. The first operation concerns a joint venture with VEI Green aiming at investing up to 100 million € in the energy sector. With this operation, Illimity acquired seven holdings, mostly UTP, amounting to 20.5 million €. The second transaction consists in the acquisition of single name UTPs held by Banco Bpm towards FinGruppo Holding S.p.A., currently under liquidation, for a total amount of approximately 98 million €.
Source: Credit Village
Translator: Cristina Ambrosi