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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Banca IFIS Spa | BIT:IF | Italy | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.24 | 1.14% | 21.34 | 21.22 | 21.48 | 21.50 | 21.08 | 21.14 | 84,363 | 02:01:01 |
By Pietro Lombardi
UniCredit SpA is selling a portfolio of nonperforming loans with a claim value of about 840 million euros ($968.4 million).
The Italian bank said Wednesday that the portfolio is made of Italian small-and-medium enterprise nonperforming unsecured loans and the impact of the sale is already included in the second-quarter results.
Banca IFIS SpA has bought part of the portfolio, with claim value of about EUR486 million. The remaining portion was acquired by GAIA SPV, a securitization vehicle controlled by Barclays PLC and Guber Banca SpA.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com; @pietrolombard10
(END) Dow Jones Newswires
July 22, 2020 08:59 ET (12:59 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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