ACQUISITION OF A PORTFOLIO OF DETERIORATED LOANS FROM GROUP CREDITO VALTELLINESE (PROJECT GAVIA)

Credito Fondiario signed an agreement with Credito Valtellinese Group regarding the acquisition of a portfolio mainly composed of deteriorated secured loans granted to companies operating in the real estate sector. The portfolio has a gross book value of approximately € 106 million.

Completion of the transaction is subject to regulatory approval.

Press Release