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UNCFF Unicredito SPA (PK)

38.92
0.00 (0.00%)
14 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Unicredito SPA (PK) USOTC:UNCFF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 38.92 39.06 40.13 12,598 21:16:41

UniCredit Sells Non-Performing Loans Portfolio of EUR1.1 Billion

25/07/2019 7:46am

Dow Jones News


Unicredito (PK) (USOTC:UNCFF)
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   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.

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