Intesa Sanpaolo eyeing to sell $11 billion in impaired loans

Intesa Sanpaolo is Italy’s biggest retail bank.

On Thursday, as per a source familiar with the matter at hand stated, Intesa Sanpaolo, Italy’s biggest retail bank, is holding talks with a unit of U.S. fund Davidson Kempner for selling $11 billion (10 billion euros) in unlikely-to-pay property loans.

Intesa was not immediately available for comment.


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