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Intrum bought Piraeus Bank servicing platform

04 June, Milano Finanza

Intrum bought 80% of the Piraeus Bank servicing platform, allegedly valued 410 million euro. Thanks to this acquisition, the servicer will have assets under management for 27 billion euro.

The NPLs of Piraeus will be securitised, and Intrum is expected to be one of the main buyers of the notes.

Source: Milano Finanza

Translator: Cristina Ambrosi