By Kim Richters 
 

UniCredit SpA (UCG.MI) said Thursday that it agreed to sell a non-performing loans portfolio to a securitisation vehicle financed by SPF Investment Management L.P.

The portfolio consists of unsecured loans to Italian small and medium companies with total value of around 1.1 billion euros ($1.23 billion).

The impact of the sale was already accounted in second-quarter results.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

July 25, 2019 02:31 ET (06:31 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Unicredito (PK) (USOTC:UNCFF)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Unicredito (PK) Charts.
Unicredito (PK) (USOTC:UNCFF)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Unicredito (PK) Charts.