ACQUISITION OF A PORTFOLIO OF NON-PERFORMING LOANS FROM GROUP CREDITO VALTELLINESE (PROJECT CERERE)

Credito Fondiario signed an agreement with Credito Valtellinese Group in relation to the acquisition of a portfolio of non performing loans (gross book value of € 314 million, 40% secured and 60% unsecured).

The agreement will be finalised over the next few weeks. Completion of the transaction is subject to regulatory approval.

Press Release