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Home DISTRESSED ASSETS

Italy’s distressed assets and NPEs weekly round-up. News from Genoa Cricket and Football Club, A-CAP, Cassa di Risparmio di Orvieto, MCC, Banca del Fucino, and more

Salvatore Brunoby Salvatore Bruno
December 27, 2024
Reading Time: 2 mins read
in DISTRESSED ASSETS, ITALY, PRIVATE EQUITY, REAL ESTATE
Italy’s distressed assets and NPEs weekly round-up. News from Genoa CFC, Gpack, Oxy Capital, illimity Bank, La Perla, Naxos Real Estate, Efesto Credit Fund, and more
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Dan Șucu, a Romanian entrepreneur, said that he poured 40 million euros in troubled Italian football team Genoa Cricket and Football Club and that now owns 77% of the asset (see here a previous post by BeBeez). However, Genoa and A-CAP, a New York based creditor of the team’s previous majority owner 777 Partners, denied Șucu’s statement.

The board of directors of MCC decided to hold exclusive talks with Banca del Fucino for the discussing the bit that tabled for acquiring 85.3% of Cassa di Risparmio di Orvieto (see here a previous post by BeBeez). The target also attracted the interest of Banco Desio,and Banca Agricola Popolare di Ragusa. MCC and Invitalia previously acquire Cassa di Risparmio di Orvieto out of a white knight deal.

In 2024, auctions for distressed real estate assets went down 12% yoy, said Report Aste 2024 of AstaSy Analytics – Npls Re_Solutions (see here a previous post by BeBeez). Massimiliano Morana is the ceo of Npls Re_Solutions.

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