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.
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.
Continue Reading Below
Write to Pietro Lombardi at firstname.lastname@example.org
(END) Dow Jones Newswires
November 09, 2017 05:48 ET (10:48 GMT)