Home » Impaired loans: Borgosesia, start of exclusive negotiations to acquire OneOSix

Impaired loans: Borgosesia, start of exclusive negotiations to acquire OneOSix

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Impaired loans: Borgosesia, start of exclusive negotiations to acquire OneOSix

Borgosesia has announced the start of an exclusive negotiation to acquire 100% of OneOSix, a Verona-based company specialized in the purchase and management of impaired loans. The operation, the company led by Mauro Girardi specifies in a press release, will allow Borgosesia’s alternative activities to be strengthened, as envisaged in the 2024-2026 strategic plan, accelerating the growth of services on behalf of third-party investors; at the same time it will expand Borgosesia’s activity to trading on impaired loans, generate new selective investment opportunities and allow it to actively intervene in financial restructuring processes.

The Borgosesia board of directors also resolved to issue, on several occasions, non-convertible bonds and, with the aim of diversifying the sources of financing, commercial paper for a maximum amount of 50 million euros.

“The hypothesized purchase of OneOSix, together with a flexible additional financial allocation, represents a significant growth factor for the Group, serving the development strategy of the assets managed also on behalf of third-party investors. The new structure will also offer the possibility of approaching crisis situations that are still in an embryonic state, thanks above all to the recent changes in bankruptcy legislation, a new frontier for an operator, such as Borgosesia, which has always focused on single name exposures with the potential to generate value ”, declared Mauro Girardi, vice president and managing director of Borgosesia.

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