UniCredit SpA agreed to sell an unsecured nonperforming Italian leasing loans portfolio with a gross claim value of about €154 million as of June 30 to Barclays Capital Securities Ltd., Guber Banca SpA and Banca IFIS SpA.
Guber Banca and Barclays purchased, through a special purpose vehicle, part of the portfolio with a claim value of roughly €112 million, while Banca IFIS bought the remaining part of the portfolio valued at about €42 million.
UniCredit said the sale is part of its ongoing strategy to reduce nonperforming exposures, adding that it expects the impact from the transaction to be reflected in its fourth-quarter results.