Milan, November 8th, 2019 \u2013 COIMA RES announces that it has signed a preliminary agreement for the sale of a portfolio of 11 bank branches located in the North of Italy. The agreed sale price for the portfolio is Euro 23.5 million, a price substantially in line with the book value as of June 30th, 2019 (discount of 2.0%). The disposal is expected to close before June 2020.<\/p>\n\n\n\n
With this disposal, COIMA RES has now sold 48% of the bank branches portfolio which was contributed at the time of the IPO (including the disposal of the entire South of Italy portfolio closed in January 2018 and representing 60% of the disposals to date) for a total value of Euro 66.3 million and at a valuation substantially in line with the IPO contribution value (average discount of 1.6%). The remaining portfolio is made up of 58 bank branches valued at Euro 69.6 million representing less than 10% of the overall COIMA RES\u2019 portfolio.<\/p>\n\n\n\n
Overall, 52% of the remaining bank branches portfolio is situated in Lombardy (of which 10% is in Milan), 13% is in Rome (one single bank branch), 10% is in Piedmont, 10% is in Veneto, 9% is in Tuscany, 6% is in Liguria and the remaining 1% is in Emilia Romagna.<\/p>\n\n\n\n
COIMA RES will continue to evaluate further disposal of bank branches with the aim to further concentrate its portfolio in Milan.<\/p>\n","protected":false},"featured_media":2285,"template":"","meta":{"_acf_changed":false,"footnotes":"","immagine_archivio":"2308","main_downloadable":"2309","_ensoul_lang":"en","_ensoul_tr_group":"ff8640e2-39a5-4fac-bbe7-072a0ca93724"},"tipo-comunicato":[74],"press-year":[123],"class_list":["post-2433","press_release","type-press_release","status-publish","has-post-thumbnail","hentry","tipo_comunicato-acquisizione-e-o-dismissione","press_year-123"],"acf":{"immagine_archivio":2308,"main_downloadable":2309},"ensoul_lang":"en","ensoul_translations":{"it":"https:\/\/coimares.com\/it\/media\/comunicati-stampa\/coima-res-cede-un-portafoglio-di-filiali-bancarie\/","en":"https:\/\/coimares.com\/en\/media\/press-releases\/coima-res-disposes-a-portfolio-of-bank-branches\/"},"ensoul_tr_group":"ff8640e2-39a5-4fac-bbe7-072a0ca93724","_links":{"self":[{"href":"https:\/\/coimares.com\/wp-json\/wp\/v2\/press-releases\/2433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coimares.com\/wp-json\/wp\/v2\/press-releases"}],"about":[{"href":"https:\/\/coimares.com\/wp-json\/wp\/v2\/types\/press_release"}],"version-history":[{"count":0,"href":"https:\/\/coimares.com\/wp-json\/wp\/v2\/press-releases\/2433\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coimares.com\/wp-json\/wp\/v2\/media\/2285"}],"wp:attachment":[{"href":"https:\/\/coimares.com\/wp-json\/wp\/v2\/media?parent=2433"}],"wp:term":[{"taxonomy":"tipo_comunicato","embeddable":true,"href":"https:\/\/coimares.com\/wp-json\/wp\/v2\/tipo-comunicato?post=2433"},{"taxonomy":"press_year","embeddable":true,"href":"https:\/\/coimares.com\/wp-json\/wp\/v2\/press-year?post=2433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}