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6 months ago
BRIEF-Cerved in talks with Monte Paschi over deal on bad loan platform
February 24, 2017 / 5:16 PM / 6 months ago

BRIEF-Cerved in talks with Monte Paschi over deal on bad loan platform

Feb 24 (Reuters) - Cerved Credit Solutions Chief Executive Marco Nespolo said in an analyst conference call:

* It is unlikely that "Juliet" deal to buy Monte dei Paschi's bad loan servicing platform will be finalised under original conditions

* Cerved and Monte dei Paschi are in talks to find a different agreement on the bank's bad loan servicing platform

* A new deal will not be reached by the end of March, as previously expected Further company coverage: (Reporting by Milan newsroom)

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