(Alliance News) - ISCC Fintech Spa announced on Thursday that it has signed, "with a major Italian financial operator," a contract for the sale of a portfolio from NPL receivables consisting of receivables consolidated in already issued injunctions all duly served and not opposed, for a total GBV, as of the cut-off date of March 1, 2024, of approximately EUR12.9 million, valued at approximately EUR3.15 million.

The transaction was structured and executed through the MyNpl.it platform, which acted as financial advisor.

"The transaction, in line with the virtuous process already launched in 2022 by the Company, represents one of the most important strategic levers and is part of a broader project and makes us fully satisfied as it fits well in the valorization activity that the dociety has made of its Loan Portfolio and in parallel allows to accelerate the operations planned in the coming months," comments ISCC Fintech CEO Gianluca De Carlo.

ISCC's stock closed Thursday at par at EUR2.50 per share.

By Chiara Bruschi, Alliance News reporter

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