Previous Close | 3.9500 |
Open | 3.9500 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's Range | 3.9500 - 3.9500 |
52 Week Range | 3.1500 - 5.1400 |
Volume | |
Avg. Volume | 6 |
Market Cap | 2.79B |
Beta (5Y Monthly) | 1.73 |
PE Ratio (TTM) | 11.10 |
EPS (TTM) | 0.3560 |
Earnings Date | N/A |
Forward Dividend & Yield | 0.13 (3.19%) |
Ex-Dividend Date | May 23, 2022 |
1y Target Est | N/A |
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Elliott-backed Italian bad loan specialist Gardant has teamed up with state-owned rival AMCO in the race to secure the bad loan business put up for sale by Italy's fifth-largest bank BPER Banca, three sources with knowledge of the matter said. Bids for BPER's bad loan recovery unit and a bad loan portfolio the bank will offload with the management unit are due in a couple of weeks, one of the sources said. Gardant is one of four major players on the Italian non-performing loan market BPER has invited to bid, two of the sources said, adding the other suitors were Sweden's Intrum , SofBank-backed doValue and Prelios, which is owned by U.S. fund Davidson Kempner.
Elliott-backed Italian bad loan specialist Gardant has teamed up with state-owned rival AMCO in the race to secure the bad loan business put up for sale by Italy's fifth-largest bank BPER Banca, three sources with knowledge of the matter said. Bids for BPER's bad loan unit and a bad loan portfolio the bank will offload with the management unit are due in a couple of weeks, one of the sources said. Gardant is one of four major players on the Italian non-performing loan market BPER has invited to bid, two of the sources said, adding the other suitors were Sweden's Intrum , SofBank-backed doValue and Prelios, which is owned by U.S. fund Davidson Kempner.
BPER Banca has kicked off a process to potentially sell its debt collection business as its new Chief Executive Piero Montani works on a new business plan for Italy's fifth-biggest bank, four sources close to the matter said. BPER is the last of Italy's large banks to have maintained full ownership of its debt servicing operations, and the disposal would bring a coveted asset on to the market. Leading Italian banks including UniCredit, Intesa Sanpaolo and Banco BPM have all offloaded in full or in part their debt recovery businesses in recent years, in lucrative deals that have helped them offset the cost of shedding large portfolios of bad debts.