AnaCap to Acquire €1.2B Loan Portfolio from UniCredit
September 30, 2015
AnaCap Financial Partners has reached an agreement with UniCredit (BIT: UCG) to acquire a non-performing loan portfolio valued at €1.2 billion. The sale refers to the Trevi 3 portfolio, which consists of Italian high-vintage defaulted loans, both secured and unsecured, to small and medium enterprises with a gross book value of approximately €670 million. The deal comes as part of UniCredit's ongoing efforts to reduce its non-core assets and to strengthen its credit profile. The financial impacts of the transaction should be reflected in the bank's 3Q balance sheet.