Press and Media

Press release

Date
Title
28 Nov 2022

The framework agreement provides for the creation of a joint venture between BPER Group and Gardant Group, which will hold 70%.
As part of the offer, the BPER Group is also foreseen to divest:

  • an NPL portfolio with a gross book value of approximately EUR 1.5 billion by December 2022 to AMCO;
  • a UTP portfolio with a gross book value of approximately EUR 0.5 billion to a securitisation vehicle, where companies controlled by Elliott’s funds will underwrite securities by 1Q2023.Negotiations are also underway between BPER and AMCO for a further sale to AMCO of a portfolio of UTPs with a gross book value of approximately EUR 0.5 billion.
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