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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Intesa Sanpaolo Spa | BIT:ISP | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.112 | -3.13% | 3.462 | 3.4595 | 3.4645 | 3.597 | 3.437 | 3.59 | 167,779,882 | 17:00:00 |
From May 2019 to May 2024
By Pietro Lombardi
Intesa Sanpaolo SpA (ISP.MI) and Prelios SpA (PLLRF) have reached a binding agreement to form a strategic partnership on unlikely-to-pay loans, Intesa said Wednesday.
The agreement includes a 10-year contract under which Prelios will service Intesa's loans, starting with a portfolio whose gross book value is 6.7 billion euros.
The parties also agreed on the disposal and securitization of a portfolio of Intesa's unlikely-to-pay loans with a gross book value of about EUR3 billion at a price of roughly EUR2 billion.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
July 31, 2019 08:29 ET (12:29 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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