UK markets closed
  • FTSE 100

    7,204.55
    +14.25 (+0.20%)
     
  • FTSE 250

    22,931.66
    +14.61 (+0.06%)
     
  • AIM

    1,234.19
    -7.18 (-0.58%)
     
  • GBP/EUR

    1.1800
    -0.0061 (-0.51%)
     
  • GBP/USD

    1.3760
    -0.0036 (-0.26%)
     
  • BTC-GBP

    44,497.67
    +322.80 (+0.73%)
     
  • CMC Crypto 200

    1,453.34
    -49.69 (-3.31%)
     
  • S&P 500

    4,544.90
    -4.88 (-0.11%)
     
  • DOW

    35,677.02
    +73.94 (+0.21%)
     
  • CRUDE OIL

    83.98
    +1.48 (+1.79%)
     
  • GOLD FUTURES

    1,793.10
    +11.20 (+0.63%)
     
  • NIKKEI 225

    28,804.85
    +96.27 (+0.34%)
     
  • HANG SENG

    26,126.93
    +109.40 (+0.42%)
     
  • DAX

    15,542.98
    +70.42 (+0.46%)
     
  • CAC 40

    6,733.69
    +47.52 (+0.71%)
     

Mediobanca's MBCredit Solutions buys 2.6 billion euro NPL portfolio from Intesa Sanpaolo

·1-min read

MILAN (Reuters) - Italy's MBCredit Solutions, a unit of merchant bank Mediobanca, said on Wednesday it reached an agreement with Intesa Sanpaolo to acquire a bad loan portfolio worth around 2.6 billion euros ($2.22 billion).

The deal, the biggest acquisition ever made by MBCredit Solutions in terms of stock, takes its managed assets to almost 11 billion euros.

The portfolio consists of unsecured loans originated from retail customers, small and medium enterprises (SMEs) and corporate clients for a total of 42,000 counterparties, the statement added.

($1 = 1.1714 euros)

(Reporting by Cristina Carlevaro, editing by Giulia Segreti)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting