By Pietro Lombardi

Intesa Sanpaolo SpA (ISP.MI) has sold a portfolio of 600 million euros ($695.7 million) in unsecured bad loans to Mediobanca SpA's (MB.MI) MBCredit Solutions, Mediobanca said on Thursday.

Mediobanca didn't disclose financial details of the transaction. It said the portfolio, called Sherazade, brings the overall NPE portfolio managed by MBCredit Solutions to EUR3.5 billion.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

(END) Dow Jones Newswires

November 09, 2017 05:48 ET (10:48 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
Mediobanca Banca Di Cred... (PK) (USOTC:MDIBY)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Mediobanca Banca Di Cred... (PK) Charts.
Mediobanca Banca Di Cred... (PK) (USOTC:MDIBY)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Mediobanca Banca Di Cred... (PK) Charts.