(ANSA) - Milan, February 11 - The Board of Directors of
UniCredit on Wednesday approved the sale of its UCCMB bad loans
unit to American asset manager Fortress, said chief executive
officer Federico Ghizzoni. Contracts will be signed in the next
few days, he added. UniCredit put its UniCredit Credit
Management Bank (UCCMB) up for sale a year ago.
Uncredit board approves sale of UCCMB to Fortress - update
American asset manager to take over bad loans unit