The parties have undertaken an exclusivity commitment of 60 days.
Rome, August 2nd, 2019 – Banca IFIS S.p.A. and Credito Fondiario Group S.p.A. announce that today they have entered into a non-binding term-sheet relating to studying a partnership in the debt servicing and debt purchasing sector.
The non-binding term-sheet outlines the possible establishment of a new player in the non-performing loans field with the necessary know-how to cover every area of credit management business and all asset classes (secured, unsecured, NPL, UTP, leasing, real estate, consumer credit) and able to compete, in terms of size, quality of services and efficiency, with the leading market players. In the context of such partnership, the Credito Fondiario Group would consolidate the partnership’s combined activities.
By entering in such non-binding term-sheet, the parties have undertaken an exclusivity commitment of 60 days, during which time they intend to continue with the ongoing analysis and discussions with a view to execute the binding agreements.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.