Posted in Business, Press release |
 

AMCO, agreement with MPS for 208 million Npls

 
 

AMCO SIGNED AN AGREEMENT WITH MPS GROUP TO PURCHASE €208 MILLION OF NPLs

Milan, 5 August 2022. AMCO informs that it has reached a binding agreement with Monte dei Paschi Group to purchase €208 million (gross book value) of non-performing secured loans.

The portfolio, related to over 1,700 borrowers, is equally mixed between retail and corporate counterparties. The deal is expected to be finalised in the fourth quarter of 2022.

The transaction is part of a wider derisking project of MPS Group involving several industry players.

AMCO was assisted by Chiomenti law firm and by KPMG for the financial due diligence.

5 ago_AMCO, agreement with MPS for 208 million NplDownload