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Are at least seven bids for 2.5 billion Npl by Intesa Sanpaolo

Posted: 21 December 2016

At least 7 non-binding offers have come to Intesa Sanpaolo for an Npl portfolio of €2.5 billion, went to sale last week. This was stated by Reuters, citing sources close to the situation.

The offers would have come from Christofferson Robb & Company and Bayview, and from AnaCap, Apollo Global Management, Cerberus, Lone Star, Kkr and Fortress.

The operation process includes the selection of a short-list consisting of three subjects. The closing is expected by the first quarter of next year.