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(Visited 61 times, 1 visits today)
  • Transaction / Assets
    Two UTP portfolios
  • Seller
    NA
  • Buyer
    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