2021-01-06 12:39:58 UNCFF Use UNCRY
01/06/21 01/0612:39 01/06/2112:39 | Italy mulls taking on UniCredit impaired loans to ease MPS sale, Reuters saysItaly is developing a plan to take on roughly EUR14B of UniCredit's impaired loans to make an acquisition of state-owned Monte dei Paschi more attractive for the nation's second largest lender, Reuters' Pamela Barbaglia and Valentina Za report, citing sources. AMCO, which is backed by the state and run by former UniCredit executive Marina Natale, is seeking to take on roughly 60% of UniCredit's problem debts while also ridding MPS of certain high-risk loans, the authors note. Reference Link |
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