B2Holding has through its Italian entity B2 Kapital ("B2K") entered into an agreement to acquire a portfolio of secured retail and non-retail non-performing loans ("NPL") from EMIL BANCA - CREDITO COOPERATIVO SOCIETÀ COOPERATIVA. The portfolio has an aggregate nominal value of approximately EUR 100 million. With this transaction B2K has asset under management in Italy of approximately EUR 1 billion, mostly managed by the B2K platform in Rome.
"This transaction reinforces B2Holding's position in the Italian NPLs' market and confirm B2Holding's interest in investing in different asset classes in Italy and in developing the Italian servicing platform further." says Olav Dalen Zahl, CEO of B2Holding ASA.
Even though this transaction would normally be below the threshold for announcement, B2Holding is disclosing this transaction in order to be fully transparent with the vendor's announcement.
For enquiries regarding the transaction, please contact:
Rasmus Hansson
Director Strategy and M&A, B2Holding ASA
Telephone: +47 952 55 842
Email: rh@b2holding.no
