Pirelli RE buys with Citigroup a portfolio of NPLs worth 520 million euro from Deutsche Bank

Dec 01 2003
Price sensitive
Pirelli RE buys with Citigroup a portfolio of non performing loans worth 520 million euro at gross book value from Deutsche Bank

This deal raises the Pirelli RE portfolio of npls under management to one billion euro at gbv

Pirelli RE's credit servicing company receives an “above average” rating from Standard & Poor’s