Six investors including U.S. funds Apollo Global Management and KKR are interested in the platform that will manage around 9 billion euros in Monte dei Paschi di Siena‘s gross bad loans, two sources close to the matter said.
The Tuscan bank is selling its 27.7 billion euro ($31 billion) portfolio of loans to insolvent borrowers in a complex securitisation scheme, part of a broader rescue plan aimed at addressing regulatory concerns over its financial stability.
Monte dei Paschi was working with Italian investment bank Mediobanca to set up a platform to manage its portfolio and bring in a partner to improve collections.
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