The agreement between the Mps and the investors for the purchase of the 26 billion gross non-performing loans of the Sienese bank is in the pipeline. Radiocor writes it, specifying that the signing is now a matter of days and there is the concrete possibility that the white smoke will arrive before the expiry of the exclusivity (June 28) granted to Atlante2 and its two partners: Fortress and Fonspa.
The negotiation is therefore all downhill: the details have been reached according to the sources consulted and by defining the terms of the agreement for the maxi securitization without the alleged differences on the assessments of the transfer prices. An examination of the progress of the works was carried out today in an ordinary board of directors convened in Siena by the president Alessandro Falciai.
Both Atlante2 and Fonspa are familiar with Monte Paschi's non-performing loan portfolio, which has already been analyzed in detail in recent months. The green light to the securitization which will have a senior, a mezzanine and a junior tranche, will unblock the precautionary recapitalization procedure after the agreement between the Treasury and the Dg Comp of Brussels. The recapitalization will be decided by decree of Economy Minister Pier Carlo Padoan on a proposal from the Bank of Italy.
