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.
Translator: Cristina Ambrosi