Breakthrough in the sale of Unicredit Credit Management Bank (Uccmb), a company active in the management of problem loans put up for sale by the group led by Federico Ghizzoni. Yesterday the deadline for the presentation of binding offers expired and of the six suitors - according to what MF writes - only the American fund Blackstone withdrew.
The other five therefore remain in the game: the Prelios/Fortress consortium, Apollo, the Cerberus/Jupiter alliance, Loan Star and the Deutsche Bank/Goldman Sachs/Tpg consortium.
Sources cited by the Reuters agency, on the other hand, give for certain "at least three binding offers", namely those of Fortress/Prelios, Apollo and Cerberus/Jupiter. However, these are hardly comparable proposals, because the Cerberus / Jupiter alliance would have presented an offer only for the management platform.
No comments from UniCredit and the other parties involved. One of the sources explains that the closing of the operation is expected, barring accelerations, by the end of the year. UniCredit CEO Federico Ghizzoni has always stated that "a closure is certainly likely within the year".
Today in mid-morning, the Unicredit stock on the Stock Exchange drops 0,84%, to 5,90 euros.
