(Visited 93 times, 1 visits today)
(Visited 93 times, 1 visits today)
  • Transaction / Assets
    NPL portfolio
  • Seller
    Banca Popolare di Sondrio
  • Buyer
    Prelios
  • € MM
    1500

Prelios obtained Popolare di Sondrio NPLs for 1.5 billion

30 October, Il Messaggero

Prelios might be very close to acquiring the NPL portfolio that was put for sale by Banca Popolare di Sondrio for a total value of 1.5 billion euro. According to the rumours, the servicer obtained a 3.5% fee. The bank launched the bid after the ECB stopped its acquisition of Cassa di Cento due to the high Npe ratio (13.7% against the average 9%), demanding to prioritise the de-risking activities.

Source: Il Messaggero

Translator: Cristina Ambrosi

(Visited 93 times, 1 visits today)

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