GE, Pirelli, Calyon buy EUR 2.6 bn NPL portfolio

By A staff reporter 2007-12-17T00:00:00

GE Real Estate has teamed up with Pirelli RE and Calyon to acquire a EUR 2.6 bn portfolio of non-performing loans (NPL) originated by Banca Antonveneta and its subsidiary Interbanca. GE is buying a 50% stake in the portfolio, while Pirelli RE is taking a 16.5% interest through its joint ...

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