MILAN Feb 6 Italy's top two banks, Intesa
Sanpaolo and UniCredit, are in preliminary
talks with U.S. investment fund KKR about setting up a
vehicle to hold their restructured loans, two sources close to
the matter said on Thursday.
As of Sept 30, 2013, UniCredit had restructured loans of 8.1
billion euros ($11 billion) and Intesa of 2.5 billion euros.
"There are preliminary talks about a possible plan to create
a fund between Intesa, UniCredit and KKR," said one of the
sources, confirming a report in La Repubblica daily.
Intesa and UniCredit declined to comment. KKR was not
immediately available for comment.