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Borsa, Banco Popolare shines on rumors of transfer of non-performing loans

The buyer could be Primus Partners – The receivables covered by the maxi transfer are worth around four billion and are contained in the bad bank Release.

Borsa, Banco Popolare shines on rumors of transfer of non-performing loans

Sunny day in Piazza Affari for the shares of Banco Popolare, which gains more than three percentage points in mid-morning, clearly leading the rises of the Ftse Mib. The wave of purchases was triggered by rumors about the possible sale of a substantial package of non-performing loans.

According to Mf, there is already talk of an operator in pole position (Primus Partners) and the operation could take place in the first half of 2014. The credits covered by the maxi transfer are worth around four billion and are contained in the bad bank Release, born on the ashes of Italease is also owned by Popolare Emilia, Popolare Sondrio and Popolare Milano.

Primus Partners has Management & Partners as its majority shareholder and Sovigest, Servizi Previdenziali, Nbi (Astaldi Group) and Genertec Italia as shareholders. 

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