Brief: Eurocastle Investment Limited acquires UniCredit NPL portfolio and distributes dividend

Eurocastle Investment

15/12/2016 07:00

Dec 15 (Reuters) - Eurocastle Investment LTD  ECT.AS  
    * Together with other affiliates of Fortress Investment Group LLC, has agreed to acquire a 
significant portion of a 17.7 billion euro($18.45 billion) portfolio of Italian non-performing 
loans from UniCredit  CRDI.MI  
    * Transaction entails an anticipated equity investment for Eurocastle of between 50 million 
euros and 70 million euros, dependent on the level of interim cash collections from the 
portfolio 
    * Declares dividend of 0.15 euro per ordinary share for Q4 2016 
    * Dividend is payable on 31 January 2017 to shareholders of record at close 
of business on 22 December 2016, with an ex-dividend date of 21 December 2016 
 
Source text for Eikon:  ID:nNDL28Z9pZ  
Further company coverage:  ECT.AS  
 
($1 = 0.9594 euros) 
 
 (Gdynia Newsroom) 
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