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Hogan Lovells advises UniCredit Bank AG on the sale of a non-performing loan portfolio
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| 11
April
2023
Munich, 11 April 2023 – Led by Munich Senior Associate Dr Jan Fürbaß and Hamburg Counsel Dr Susann Brackmann, global law firm Hogan Lovells has advised UniCredit Bank AG on an agreement in relation to the disposal on a non-recourse basis (pro-soluto) of a portfolio composed of German Corporate and SME loan exposures to funds managed by LCM Partners.
The portfolio has a total claim value of approximately EUR 240 million.
The portfolio sale is a part of the overall UniCredit Group’s strategy to keep non-performing exposure (“NPE”) at minimal levels.
Hogan Lovells has provided comprehensive advise to UniCredit Bank AG on all legal aspects of this transaction.
Hogan Lovells Team for UniCredit Bank AG
Dr Jan Fürbaß (Senior Associate), Dr Susann Brackmann (Counsel), Dr Heiko Tschauner (Partner), Dr Christian Herweg (Partner) (all Restructuring/ Finance, Munich/ Hamburg/);
Dr Julian Fischer (Partner, Finance, Frankfurt);
Dr Ingmar Dörr (Partner), Dr Andreas Eggert (Counsel) (both Tax, Munich);
Gérard Neiens (Partner), Jean-Philippe Monmousseau (Counsel) (both Tax, Luxembourg) ;
Moritz Langemann (Counsel, Employment, Munich);
Dr Christian Tinnefeld (Partner, Intellectual Property, Hamburg).
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