AnaCap buys Italian NPLs for €225 million

Posted: 3 October 2018

AnaCap has bought two Italian NPL portfolios valued €225 million, whose management has been delegated to Pheonix Asset Management.

The first portfolio was sold by Volksbank to a value of €141 million, of which 131 million guaranteed by buildings in Northern Italy.

The second, for a total of €84 million, is mainly guaranteed and collateralised by real estate and sold by Banca di Pisa and Fornacette.