The cross-border transaction, signed in March 2026, was completed in September following the fulfilment of conditions precedent and the receipt of regulatory approvals, according to a statement issued by Schoenherr, which advised AMCO, reports financialintelligence.ro.
The portfolio was formed as a result of the judicial liquidation of Veneto Banca in 2017, following which AMCO took over the management and recovery of the bank’s remaining non-performing loans.
Schoenherr’s teams in Romania, Moldova and Croatia, as well as local partner law firms in Albania, joined forces on this cross-border project, providing assistance on local law issues relating to the documentation for the sale of the portfolio, reviewing and finalising the loan portfolio transfer agreement and related documents, advising on local requirements for completion and assignment, coordinating the foreign direct investment (FDI) approval process, and liaising with colleagues across the various jurisdictions.
The transaction involved a complex multinational sale of a portfolio of non-performing loans, spanning four jurisdictions. The agreement was signed in March 2026, followed by a six-month period of parallel work to fulfil the conditions precedent and obtain all necessary regulatory approvals, culminating in the landmark closing of the transaction in September 2026.
AMCO – Asset Management Company SpA – is an Italian state-owned company specialising in the management and recovery of non-performing loans. AMCO is one of the largest asset management companies in Italy and manages portfolios originally owned by banking institutions.
Valori Capital is a European investment and management company specialising in the acquisition and management of portfolios of non-performing loans secured by property, and related special situations in European markets.
Gruppo Veneto Banca managed Eximbank in Moldova, which has been owned by the Italian group Intesa Sanpaolo since 2017. The bank is fully integrated into the Intesa Sanpaolo group structure but has retained the legal name and Eximbank brand within the Republic of Moldova.
This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.
Follow our updates
Have information for the newsroom? Share it with Logos-Press
Comments
0No comments yet. You can start the conversation.
Comments are open to readers with a Logos Press account.
Sign in to comment