Barclays is seeking to sell a portfolio of Italian performing mortgages worth €4.46bn ($4bn), as part of its ongoing process of disposing of its non-core assets in Europe. Potential bidders include a joint collaboration of Elliot Management and Fonspa, Christofferson, Robb & Company, and another group made up of Oaktree and Creval CRVI.MI. Barclays has already sold its retail banking operations in Spain and Portugal, and is looking to sell assets in France, as well as Italy, though it has held onto some activities like investment banking and credit cards.
Barclays is seeking to sell a portfolio of Italian performing mortgages worth €4bn ($4.46bn), as part of its ongoing process of disposing of its non-core assets in Europe. Potential bidders include a joint collaboration of Elliot Management and Fonspa, Christofferson, Robb & Company, and another group made up of Oaktree and Creval CRVI.MI. Barclays has already sold its retail banking operations in Spain and Portugal, and is looking to sell assets in France, as well as Italy, though it has held onto some activities like investment banking and credit cards.