AMCO, agreement with UnipolRec for 2,6 billion Npls
AMCO SIGNED AN AGREEMENT WITH UNIPOLREC TO PURCHASE A PORTFOLIO OF €2.6 BILLION NPLs
Milan, 5 August 2022. AMCO informs that it has signed a binding agreement with UnipolRec SpA to purchase a portfolio of non-performing loans of approximately €2.6 billion (gross book value).
The transaction represents one of the most important deals by size in the Italian market in 2022.
The portfolio, composed of non-performing loans related to over 24,700 borrowers, includes mainly corporate counterparties (84.5% of gross book value) and it is equally mixed between secured and nsecured loans.
The deal is expected to be finalised by the end of 2022.
Following this transaction and the MPS deal announced today, AMCO’s assets under management reach €36.9 billion, a further step in the company’s growth path.
AMCO was assisted by the law firm Legance, by EY Advisory and FBS Next for the financial due diligence, and by Vitale e Co. as financial advisor.
