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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.04 | -2.76% | 36.8454 | 35.88 | 37.69 | 36.8454 | 36.63 | 36.742 | 1,899 | 21:00:29 |
From May 2019 to May 2024
By Giulia Petroni
UniCredit SpA (UCG.MI) said Monday that it has sold a nonperforming credit portfolio to APS Holding (054620.KQ) and Balbec Capital LP through its subsidiary UniCredit Bulbank.
The Italian bank said the portfolio, which is composed of Bulgarian secured and unsecured nonperforming loans, has a legal claim value of approximately 50 million euros ($55.2 million). The sale is part of the group's strategy to reduce non-performing exposure, UniCredit said, and is expected to impact the bank's fourth-quarter results.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
November 18, 2019 02:31 ET (07:31 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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