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MDIBY Mediobanca Banca Di Credito Finanziario SPA (PK)

14.442
-0.328 (-2.22%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Mediobanca Banca Di Credito Finanziario SPA (PK) USOTC:MDIBY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.328 -2.22% 14.442 14.13 14.58 14.442 14.283 14.307 1,485 21:06:11

UniCredit to Sell Nonperforming Loan Portfolio to Mediobanca

12/04/2019 7:47am

Dow Jones News


Mediobanca Banca Di Cred... (PK) (USOTC:MDIBY)
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   By Nathan Allen 
 

UniCredit SpA (UCG.MI) said Friday that it has agreed to sell a portfolio of nonperforming Italian loans to Mediobanca Banca di Credito Finanziario SpA (MB.MI).

The portfolio has a nominal value of around 210 million euros ($236.7 million), according to Mediobanca.

UniCredit said it will sell a portfolio of Italian unsecured consumer credits with a book value of EUR51 million, followed by a second EUR160 million tranche of similar loans.

Following the completion of these transactions Mediobanca's MBCredit Solutions proprietary portfolio totals around EUR5.6 billion, the company said.

 

Write to Nathan Allen at nathan.allen@dowjones.com

 

(END) Dow Jones Newswires

April 12, 2019 02:32 ET (06:32 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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