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8 months ago
BRIEF-Eurocastle Investment Limited acquires UniCredit NPL portfolio and distributes dividend
December 15, 2016 / 12:41 PM / 8 months ago

BRIEF-Eurocastle Investment Limited acquires UniCredit NPL portfolio and distributes dividend

Dec 15 (Reuters) - Eurocastle Investment LTD

* Together with other affiliates of Fortress Investment Group LLC, has agreed to acquire a significant portion of a 17.7 billion euro($18.45 billion) portfolio of Italian non-performing loans from UniCredit

* Transaction entails an anticipated equity investment for Eurocastle of between 50 million euros and 70 million euros, dependent on the level of interim cash collections from the portfolio

* Declares dividend of 0.15 euro per ordinary share for Q4 2016

* Dividend is payable on 31 January 2017 to shareholders of record at close of business on 22 December 2016, with an ex-dividend date of 21 December 2016 Source text for Eikon: Further company coverage: ($1 = 0.9594 euros) (Gdynia Newsroom)

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