Global Trade Alert
Global Trade Alert

Italy: AMCO signs a transfer agreement with Intesa Sanpaolo S.p.A

Announcement

01 Jul 2022

In July 2022, the Italian state-owned asset management company AMCO signed a binding agreement with Intesa Sanpaolo S.p.A to transfer EUR 1.4 billion of non-performing loans to its balance sheet.

Source

Sign in to access

Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Jul 2022

Revocation date:

No revocation date

Updated: 01 Jul 2022
Debt purchase In force
On 1 July 2022, the Italian state-owned asset management company AMCO S.p.A. purchased a EUR 1.4 (USD 1.4) billion loan portfolio from private financial firm Intesa Sanpaolo. AMCO will, therefore, tak...
Sign in to see more

Threads

See all

This state act is not part of any Thread yet.