Brief: Eurocastle Investment announces 8.8 mln euro investment in two non-performing loan portfolios

Eurocastle Investment

24/12/2014 07:00

Dec 24 (Reuters) - Eurocastle Investment Ltd  ECT.AS : 
    * Announces a 8.8 million euro investment in two 
non-performing loan portfolios 
    * Portfolios include a pool from one of Italy's "top 5" 
banks and next investment in a series of anticipated 
transactions with an Italian banking group 
    * Two portfolios have combined gross book value of about 1.2 
billion euros 
    * Both portfolios are expected to close before Dec. 31 
    * Affiliates of Fortress Investment Group LLC have invested 
alongside Eurocastle by acquiring remaining interest in these 
portfolios 
    * Italfondiario will be servicer of loans 
 
Source text for Eikon:  ID:nHUG1y1QyD  
Further company coverage:  ECT.AS  
 
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Keywords: EUROCASTLE/BRIEF