Intesa Sanpaolo SpA (ISP.MI) has sold a portfolio of 600 million euros ($695.7 million) in unsecured bad loans to Mediobanca SpA's (MB.MI) MBCredit Solutions, Mediobanca said on Thursday.
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Mediobanca didn't disclose financial details of the transaction. It said the portfolio, called Sherazade, brings the overall NPE portfolio managed by MBCredit Solutions to EUR3.5 billion.
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(END) Dow Jones Newswires
November 09, 2017 05:48 ET (10:48 GMT)