Brief: Eurocastle announces a new investment in Unicredit Credit Management Bank

Eurocastle Investment

12/02/2015 07:03

Feb 12 (Reuters) - Eurocastle Investment Ltd  ECT.AS : 
    * Announces a new investment in Unicredit Credit Management 
Bank and a portfolio of non-performing loans 
    * Together with other affiliates of Fortress Investment 
Group LLC  FIG.N , it has reached agreement to acquire Unicredit 
Credit Management Bank from Unicredit SpA  CRDI.MI  
    * Acquisition includes a portfolio of non-performing loans 
("NPLS") with a GBV of approximately 2.4 billion euros  ($2.7 
billion) and an NPL servicing business 
    * Investment is expected to result in an investment by 
eurocastle of approximately 200 million euros 
 
Source text for Eikon:  ID:nHUG6vflRr  
Further company coverage:  ECT.AS  
 
($1 = 0.8841 euros) 
 
 (Gdynia Newsroom) 
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