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(Visited 44 times, 1 visits today)
  • Transaction / Assets
    Non-performing loans
  • Seller
    Intesa Sanpaolo
  • Buyer
    Mediobanca
  • € MM
    2600

Intesa Sanpaolo sold NPLs for 2.6 bln €

30 September, Finanza Report

Intesa Sanpaolo sold to Mediobanca non-performing loans amounting to 2.6 billion € which are part of a bigger portfolio for a value of 4.4 billion (Kenobi). The portfolio also includes NPLs for 1.9 billion € that went to Banca Ifis, Guber Banca, Deva Capital and Intrum. Deva Capital and Intrum also acquired a non-performing leasing portfolio totalling 1.1 billion (Portland).

Finally, Christofferson Robb & Co (Crc) is the underwriter of the mezzanine and junior tranches of a UTP portfolio held by Intesa for a value of 2 billion € named Project M2.

Source: Finanza Report

Translator: Cristina Ambrosi

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