December 21, 2016 / 7:27 AM / a year ago

BRIEF-Hoist Finance acquires large portfolio in Italy

Dec 21 (Reuters) - Hoist Finance Ab (Publ) :

* Has acquired a portfolio in Italy comprising non-performing unsecured consumer loans from an Italian consumer bank

* Portfolio consists of about 51,000 claims with a nominal value of 350 million euros ($364.49 million)

* Parties have agreed to not disclose purchase price, but according to Hoist Finance’s internal guidelines, investments exceeding 50 million euros are communicated Source text for Eikon: Further company coverage: ($1 = 0.9602 euros) (Gdynia Newsroom)

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