By Pietro Lombardi 
 

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.

 

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

 

(END) Dow Jones Newswires

November 09, 2017 05:48 ET (10:48 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
Intesa Sanpaolo (BIT:ISP)
Gráfico Histórico do Ativo
De Fev 2024 até Mar 2024 Click aqui para mais gráficos Intesa Sanpaolo.
Intesa Sanpaolo (BIT:ISP)
Gráfico Histórico do Ativo
De Mar 2023 até Mar 2024 Click aqui para mais gráficos Intesa Sanpaolo.