--Intrum Justitia AB is looking for a partner in a deal to purchase a 12.1 billion-euro ($15 billion) portfolio of bad loans from Italy's Intesa Sanpaolo SpA, Bloomberg reports, citing unnamed sources.

--The plan would value the debt around EUR3.5 billion and would be financed by a combination of bank loans and equity, it says, adding that around five funds have expressed interest in coinvesting in the equity portion.

--Intesa wants to cut its nonperforming-loan ratio to 6% in 2021 from 11.9% in end-2017, according to Bloomberg.

Full story: https://bloom.bg/2swQEDt

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(END) Dow Jones Newswires

February 15, 2018 11:33 ET (16:33 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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