MILAN, Sept 30 Lone Star, Christofferson Robb &
Co (CRC) and other specialised investors have presented
non-binding offers to buy a platform that will manage part of
Monte dei Paschi di Siena's bad loans, three sources
close to the matter said.
The Tuscan bank is selling its 27.7 billion euro ($31
billion) portfolio of loans to insolvent borrowers in a complex
securitisation scheme, part of a broader rescue plan aimed at
addressing regulatory concerns over its financial stability.
Monte dei Paschi is working with Italian investment bank
Mediobanca to set up a platform to manage its
portfolio and bring in a partner to improve collections.
The sources said on Friday that offers had come from a
consortium comprising U.S.-based Lone Star and Italian servicer
Caf, and a second group made up of CRC and Italian real estate
Other bids were presented by Cerved Credit Management
, KKR and Vaerde Partners, sources said,
without disclosing whether two or more of these bidders were
The portfolio of bad loans to be managed by the platform
will likely be worth around 9 billion euros, one of the sources
All involved parties declined to comment or were not
immediately available for a comment.
($1 = 0.8901 euros)
(Reporting by Massimo Gaia and Elisa Anzolin; writing by
Francesca Landini; Editing by Crispian Balmer)