B2Holding ASA's Italian unit B2Kapital S.r.l, agreed to acquire a nonperforming loan portfolio with a face value of €125.5 million from Banca Sella SpA.
Norway-based B2Holding, which provides debt solutions in Europe, said May 30 the transaction confirms its intention to enter and become an active player in Italy's NPL market.
Banca Sella, which is based in Biella, in northern Italy, said the deal will have a positive impact on its balance sheet and will help further improve relevant ratios.