Skip to:
  1. Home
  2. Press & Media
  3. Press Releases
  4. 2023
  5. UniCredit Bank AG sells non-performing credit portfolio to funds managed by LCM Partners Limited.
Print
Send
Share this event on:
  • LinkedIn

Recomend this page

Thank you, we sent your recommendation to the desired recipient.

Sorry, this functionality is not available right now.
Please try with this link. Thank you.

Sender:

Recipient (e-mail address):

Cross

UniCredit Bank AG sells non-performing credit portfolio to funds managed by LCM Partners Limited.

 

UniCredit announces that, through a member of the UniCredit Group, UniCredit Bank AG, it concluded an agreement in relation to the disposal on a non-recourse basis (pro-soluto) of a portfolio composed of German Corporate & SME loan exposures to funds managed by LCM Partners.

 

The portfolio has a total claim value of approximately EUR 240 million.

 

The portfolio sale is a part of the overall UniCredit Group's strategy to keep non-performing exposure ("NPE") at minimal levels.

 

 

Milan/Munich, 6 April 2023

 

 

Enquiries

Investor Relations

e-mail: investorrelations@unicredit.eu

Media Relations

e-mail: mediarelations@unicredit.eu