UniCredit closes $20 billion bad loan sale with Fortress, Pimco

MILAN (Reuters) - Italian bank UniCredit has signed a final agreement with U.S. funds Fortress and Pimco on the sale of bad loans worth 17.7 billion euros ($20 billion) in Italy's biggest such deal so far.

UniCredit closes $20 billion bad loan sale with Fortress, Pimco
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