UniCredit today announced an agreement with an affiliate of Fortress Investment Group LLC ("Fortress") in relation to the disposal of a portfolio of Italian Small and Medium Enterprise secured non performing loans, on a non-recourse basis (pro-soluto).
The portfolio consists entirely of Italian exposures with a gross claim value of approximately € 675 million as of 31.03.2018.The impact is expected to be reflected in the fourth quarter 2018 financial statements.
The sale is part of UniCredit's on-going strategy to reduce non performing exposures.
Milan, November 30, 2018
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