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ISP Intesa Sanpaolo Spa

3.503
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 3.503 3.55 3.4005 0.00 07:30:04

Intrum Seeks a Partner to Buy EUR12.1 Billion in NPLs -Bloomberg

15/02/2018 4:48pm

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Intesa Sanpaolo (BIT:ISP)
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--Intrum Justitia AB is looking for a partner in a deal to purchase a 12.1 billion-euro ($15 billion) portfolio of bad loans from Italy's Intesa Sanpaolo SpA, Bloomberg reports, citing unnamed sources.

--The plan would value the debt around EUR3.5 billion and would be financed by a combination of bank loans and equity, it says, adding that around five funds have expressed interest in coinvesting in the equity portion.

--Intesa wants to cut its nonperforming-loan ratio to 6% in 2021 from 11.9% in end-2017, according to Bloomberg.

 

Full story: https://bloom.bg/2swQEDt

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

February 15, 2018 11:33 ET (16:33 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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