Unicredit has signed an agreement for the transfer to Pra Europe Group a portfolio of €625mn of unsecured claims and non-performing loans, with the impact of the sale being recorded in the first half year of 2015. The transaction is expected to close by mid-2015 subject to regulatory approvals.
Unicredit has signed an agreement for the transfer to Pra Europe Group a portfolio of €625mn of unsecured claims and non-performing loans, with the impact of the sale being recorded in the first half year of 2015. This is in line with Unicredit's ongoing plan to sell non-core assets so as to strengthen it's credit profile.