UniCredit Sells Non-Performing Loans Portfolio of EUR1.1 Billion
July 25 2019 - 02:46AM
Dow Jones News
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
Unicredito (PK) (USOTC:UNCFF)
Historical Stock Chart
From Mar 2023 to Mar 2024