UniCredit is close to agreeing the sale of €5bn's worth of bad loans from its UniCredit Credit Management Bank (UCCMB), with private equity investors lining up to invest, according to media reports.
Company plans on expanding further into the learning and development market
Primomiglio, Banca di Piacenza, Intesa Sanpaolo Vita, Be Shaping the Future and CRIF also take part in the round
Centerbridge Partners, which invested in the company in 2013, retains a minority stake
Company will use the proceeds to commercialise its flagship product across the US