MILAN – Italy’s state-owned unhealthy mortgage specialist AMCO stated on Friday it had signed an settlement with lender Intesa Sanpaolo to buy a portfolio of non-performing leasing credit with a gross worth of round 1.4 billion euros ($1.46 billion).
The deal will probably be finalised by the top of this 12 months.
AMCO added it had signed one other contract with Intesa to purchase a portfolio of single-name unlikely-to-pay loans with a gross worth of 120 million euros. ($1 = 0.9578 euros)
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