Intesa Sanpaolo Sells EUR600 Million in Bad Loans to Mediobanca
November 09 2017 - 6:03AM
Dow Jones News
By Pietro Lombardi
Intesa Sanpaolo SpA (ISP.MI) has sold a portfolio of 600 million
euros ($695.7 million) in unsecured bad loans to Mediobanca SpA's
(MB.MI) MBCredit Solutions, Mediobanca said on Thursday.
Mediobanca didn't disclose financial details of the transaction.
It said the portfolio, called Sherazade, brings the overall NPE
portfolio managed by MBCredit Solutions to EUR3.5 billion.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
November 09, 2017 05:48 ET (10:48 GMT)
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