AMCO – Asset Management Company S.p.A.
- Client:AMCO – Asset Management Company S.p.A.
- Transaction:
M&A - Date:August 2022
- Sector:
Financial institution
AMCO – Asset Management Company S.p.A.
- DEAL DESCRIPTION:
Vitale acted as financial advisor to AMCO in the signing of an agreement with UnipolRec S.p.A. to purchase a portfolio of €2.6 billion NPLs
AMCO informs that it has signed a binding agreement with UnipolRec S.p.A. to purchase a portfolio of non-performing loans of approximately €2.6 billion (GBV).
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 GBV) and it is equally mixed between secured and unsecured loans.
The deal is expected to be finalised by the end of 2022. - DEAL VALUE:
€2.6 billion (GBV)