Project FINO: Allen & Overy counsel PIMCO on giant NPL deal
10 August 2017
Allen & Overy has advised funds managed by PIMCO on investments in Project Fino, the divestment by Unicredit of EUR17.7 billion of Italian non-performing loans by way of separate securitisations to PIMCO-managed funds and Fortress Investment Group. The transaction is regarded as the most significant deal to date in the Italian NPL sector.
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