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Back Conclusa l’operazione di cessione di un portafoglio di UTP per un valore esigibile pari a circa €470 milioni
UTP portfolio disposal finalised for a total claimed amount of eur 470 mln
Further to the agreements entered into with the Gardant Group, BPER Banca announces the closing of the disposal of a portfolio of UTP exposures of BPER Banca and its subsidiary Banco di Sardegna for a total claimed amount of EUR 470 mln. The transaction was finalised via the disposal of the portfolio to the securitisation vehicle “Loira SPV Srl”, established under Law no. 130/99; the senior notes and 5% of the mezzanine and junior notes were subscribed for by BPER Banca, while the remaining securities – i.e. 95% of the junior and mezzanine notes – were subscribed for by companies controlled by funds of Elliott.
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