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Hoist Finance acquires €350M portfolio of Italian NPLs

Hoist Finance AB (publ) said Dec. 21 that it acquired a portfolio comprising nonperforming unsecured consumer loans with a nominal value of €350 million from an unnamed Italian consumer bank.

Hoist Finance added that the Italian portfolio is the third it acquired from the seller. The purchase price was not disclosed, but the company noted that its internal guidance dictates that investments exceeding €50 million must be communicated.