Project Rossini a secured NPL portfolio sale worth 1Bn€ has received some 30 Non Binding offers. The deal, named after a world famous Italian music composer born in Marche region (where 70% of the loan on sale is said to be located), has been arranged by KPMG and will try to start disposing part of the 10.3Bn NPL that were transferred to REV (a new asset management company create for this purpose) from Banca Etruria, Carichieti, Cariferrara, Banca Marche by the time Italian Government started the process of resolution (recently concluded) of these banks in dec 2015.
doBank S.p.A. announces that on June 13, 2017 it has filed an application with Borsa Italiana S.p.A. for the admission to listing of its ordinary shares (the “Shares”) on the Mercato Telematico Azionario organized and managed by Borsa Italiana (the “Mercato Telematico Azionario”), in connection with its proposed initial public offering . (here the press release)
MPS should be close to disclose the details of the plan for the sale of its 26Bn portfolio.
GLG – Gerson Lehrman Group – Council Member
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