SC Lowy and Taconic Capital acquire two UTP portfolios of mortgage loans
Taconic Capital completed its joint acquisition with SC Lowy of a shipping portfolio of UTP secured and unsecured, valued at circa US$160m, from Italy’s Monte dei Paschi di Siena group (“MPS”).
Acquired via special purpose vehicles managed by the two companies, the portfolio comprises bad loans made to Italian shipowners relating to dry bulk…
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