MILAN May 23 Unicredit expects to
receive within a few weeks binding offers for the debt
collection unit that Italy's biggest bank by assets has put for
sale at it tackles its large stock of soured loans.
"We're in line with our internal timetable for the sale of
the asset. We're at a point where we should get in a few weeks
the first binding offers," CEO Federico Ghizzoni said on the
sidelines of a conference.
He reiterated that UniCredit aims to seal the sale of its
UCCMB impaired loan management unit by the end of the year.
The bank is trying to sell off a pool of bad loans together
with a majority stake in Verona-based UCCMB.
(Reporting by Andrea Mandala, writing by Valentina Za, Editing
by Lisa Jucca)