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Mps: NPL operation stuck due to disagreements between the Ministry of Treasury and the EU

11 May, Reuters

The transfer of the Mps NPLs has come to a halt due to the disagreements between the Italian Treasury and the EU in assessing the price of the operation. The plan involves the transfer by Mps of NPLs for approximately 10 billion euro and the subsequent merger with Sga, a company entirely owned by the Treasury, at balance sheet values.

Source: Reuters

Translator: Cristina Ambrosi

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