Eurocastle Investment Limited: Eurocastle Announces Acquisition of Italian Performing and Sub-Performing Loan Portfolio
August 11 2017 - 4:00AM
Guernsey, 11 August 2017 -
Eurocastle Investment Limited ("Eurocastle" or the "Company") today
announces that the Company, alongside Fortress affiliates, has
closed on an acquisition of a portfolio of Italian performing and
sub-performing loans with a gross book value of approximately €234
million. The portfolio has been serviced by Italfondiario, a
subsidiary of doBank, since 2011. Eurocastle is expecting to invest
between €10 and €20 million, after financing, to be funded in the
fourth quarter 2017.
ABOUT
EUROCASTLE
Eurocastle Investment Limited is a
publicly traded closed-ended investment company that focuses on
investing in performing and non-performing loans and other real
estate related assets primarily in Italy. The Company is Euro
denominated and is listed on Euronext Amsterdam under the symbol
"ECT". Eurocastle is managed by an affiliate of Fortress Investment
Group LLC, a leading global investment manager. For more
information regarding Eurocastle Investment Limited and to be added
to our email distribution list, please visit
www.eurocastleinv.com.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Eurocastle Investment Limited via
Globenewswire
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