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Mps to sell Sansedoni. NPL disposals up to 7 billion euro

03 April, Il Sole 24 Ore

Mps is planning to relaunch Sansedoni, the real estate company owned by Fondazione Mps and the bank itself. The operation will imply the negotiation of the debt, amounting to 160 million euro, along with the re-organisation of the real estate and servicing divisions. Meanwhile, the bank is studying the sale of its real estate portfolio, mainly composed of offices, for 600 million.

Concerning the NPLs, the operations currently in progress or recently closed amount to 7 billion euro. Mps aims at bringing the NPL stock to 13.8 billion by the end of 2019.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

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