UniCredit signs agreements to sell down FINO portfolio below 20 per cent
(WorldNews Italy)

Further to the press release on 17 July 2017, UniCredit today announced a material milestone in its plan to sell down its position in the FINO portfolio to below 20 per cent. This target was first communicated at UniCredit`s 2016 Capital Markets Day. The FINO portfolio originally amounted to EUR 17.7 billion of gross bad loans as of 30 June 2016, which decreased to around EUR 16.2 billion as at 30 June 2017. Upon transfer of the FINO portfolio to the securitization vehicles, UniCredit retained a 49.9 percent interest in the Notes issued by the...