White & Case Advises Cassa di Risparmio di Asti on Disposal of €697 Million NPL Portfolio
Global law firm White & Case LLP has advised Cassa di Risparmio di Asti S.p.A. and its subsidiary Cassa di Risparmio di Biella e Vercelli – Biverbanca S.p.A., as originator and notes subscriber, on the disposal of a portfolio of non-performing loans (NPLs) comprising ipotecari mortgage loans and unsecured loans.
The loan portfolio was sold to Maggese S.r.l., a securitization vehicle created ex lege 130/99, for an aggregate gross total amount of approximately €697 million.