Curtis Italy advises Banca Valsabbina on €146 million assignment of two non-performing loans

Curtis Italy assisted Banca Valsabbina in the € 146 million sale of two portfolios of both non-performing and unsecured mortgage loans.

The sale, with a nominal gross value of approximately €146 million, was to a special purpose vehicle, which will issue untranched securities, subscribed by Barclays Bank plc and Guber Banca.

Curtis Italy partner Enrico Troianiello led the team, which included associates Marco Malesci and Anna Stentella.

Barclays Bank plc and Guber Banca were advised by Freshfields.

The transaction attracted coverage in Italy’s legal media.