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BRIEF-UniCredit signs final deal with Pimco, Fortress for sale of 17.7 bln euros of bad loans
July 17, 2017 / 6:16 AM / 2 months ago

BRIEF-UniCredit signs final deal with Pimco, Fortress for sale of 17.7 bln euros of bad loans

July 17 (Reuters) - UniCredit Spa says:

* signs definitive agreement with Pimco and Fortress for sale of 17.7 billion euros of NPL portfolio

* in second half of the year, UniCredit will consider the sale of its stake in the securitisation vehicles, to reduce it below 20 percentFurther company coverage: (Reporting by Milan newsroom)

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