May 4, 2018 / 4:31 PM / 3 months ago

BRIEF-Conditions For Sale Of BMPS NPL Recovery Platform To Cerved and Quaestio Have Been Met

May 4 (Reuters) - Cerved Information Solutions, manager of Italian bank rescue fund Atlante II Quaestio, and Banca Monte dei Paschi (BMPS) in a joint statement:

* CONDITIONS PRECEDENT FOR ACQUISITION OF BMPS’ NPL RECOVERY PLATFORM HAVE BEEN FULFILLED BY THE SPECIAL-PURPOSE ENTITY SET UP BY CERVED AND QUAESTIO

* PREPARATORY ACTIVITIES ARE UNDERWAY TO COMPLETE TRANSACTION BY END OF MAY 2018 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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