Independent journal on economy and transport policy
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SC Lowy acquires from Monte dei Paschi a pocketbook of credits in suffering of the field shipping
The book value of the exposure is of 160 million dollars
August 1, 2018
Bank group and financial international SC Lowy di Hong Kong has announced to have municipal through the Credit of Romagna (CdR), of which the Asian group she has become recently majority shareholder, the most important operation than acquisition of debt exposures in the field of the shipping in Italy having bought a pocketbook of uncollectable credits from Banca Monte dei Paschi di Siena for relative a total book value of 160 million dollars to ships to rinfusiere and reservior and a ship offshore support.
"Draft - it has emphasized the managing director of SC Lowy, Michel Lowy - of an important goal for SC Lowy and evidences the value of our recent expansion in Italy. The combination between the immense net of CdR and its relations joined to the wealth of the experience of SC Lowy Milan in the field of the shipping has afforded to carry to term transactions quickly many complex, earning also the confidence of the various interested parts".
"We are indeed pleased - Alessandro Esposito has commented, responsible for the investments of SC Lowy Milan - to have it so negotiate an important operation to single little months from the opening in Italy. This reflects is the force of our team of local analysts is its experience in the Italian segment of the shipping in difficulty, bound together to the pedigree and to universal recognized experience of SC Lowy in this particular segment of the finance".
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