White & Case LLP has advised a primary financial institution on the sale to Banca IFIS S.p.A. of eight portfolios of secured and unsecured non-performing loans with an aggregate nominal value of approximately €413 million.

The White & Case team in Milan which advised on the transaction was led by partner Gianluca Fanti and local partner Giuseppe Barra Caracciolo together with associates Francesco Scebba, Silvia Totti and Riccardo Verzeletti.