(Alliance News) - ISCC Fintech Spa announced Tuesday that it has finalized the purchase of a portfolio of unsecured NPL loans individually attributable to the secondary and financial markets, with a face value of about EUR300 million.

The stock consists of 7,229 positions, arising mainly from bank/financial origination contracts.

"The transaction to purchase portfolios of non-performing loans consolidates ISCC Fintech's role in the NPL segment, increasing the company's portfolio to approximately EUR1.1 billion, for a total of 99,551 positions," comments ISCC Fintech CEO Gianluca De Carlo.

The transaction was structured and executed through the MyNpl.it platform, which acted as Financial Advisor.

ISCC Fintech closed Tuesday 1.4 percent in the red at EUR2.86 per share.

By Chiara Bruschi, Alliance News reporter

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