Intrum and Intesa Sanpaolo enter into a long term strategic partnership, creating a market leading servicer of non-performing loans in Italy
As communicated yesterday Intrum has submitted a binding offer to Intesa Sanpaolo regarding the establishment of a servicer of non-performing loans (NPLs) in Italy. Intesa Sanpaolo has accepted the offer. Below is a summary of the agreed transaction. The information below is in all material respects the same as presented in the press release yesterday. The co-investor in the SPV is, however, presented with a name - CarVal Investors Highlights · Intrum and Intesa Sanpaolo have agreed to establish a market leading servicer of non-performing loans (NPLs) in the Italian market,