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UniCredit might transfer NPLs for 14 bln € to AMCO in view of merger with Mps

07 January, Bebeez

UniCredit might sell NPLs for 14 billion € to AMCO to facilitate its merger with Mps. Moreover, AMCO might buy an additional portfolio from Mps following the first acquisition totalling 8.1 billion € last December. The transfer of non-performing loans is a crucial step for Mps, allowing the Italian Treasury, which holds 68.27% of Mps, to find a buyer for the bank.

Source: Bebeez

Translator: Cristina Ambrosi

(Visited 28 times, 2 visits today)

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