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UniCredit chief upbeat on Monte dei Paschi deal as takeover talks start reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Deal worth about 400 mln euros - sources Prelios, Apollo and Apax among other suitors - sources Deal seen as prelude to full takeover of Cerved - sources MILAN, March 6 (Reuters) - Italian credit group Cerved is in advanced talks with U.S. investment firm Centerbridge to clinch the long-awaited sale of its debt collection arm which is valued at about 400 million euros , two sources told Reuters. The unit has also drawn interest from Italian real estate and credit management firm Prelios and other private equity funds including Apollo and Apax, the sources said, speaking on condition of anonymity. Centerbridge is the frontrunner in the discussions and could ....
Italy's Cerved in advanced talks to clinch debt collection arm deal - sources leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.
Italy's Cerved in advanced talks to clinch debt collection arm deal - sources financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff 1 Min Read FILE PHOTO: The logo of Monte dei Paschi di Siena bank is seen in a bank entrance in Rome, Italy, August 16, 2018. REUTERS/Max Rossi MILAN (Reuters) - Italy’s Monte dei Paschi (MPS) said on Thursday it was working to reduce its legal risks while the European Union assessed the state-owned bank’s ability to stay in business before unlocking more public aid. Italy rescued MPS in 2017 at a cost of 5.4 billion euros ($6.6 billion) to taxpayers. It now stands ready to cover at least in part a 2.5 billion euro capital shortfall at the lender, but wants to first find a buyer for it. ....