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Thursday, February 12, 2015

BRIEF-Eurocastle announces a new investment in Unicredit Credit Management Bank, (NYSE: FIG)

Eurocastle Investment Ltd : * Announces a new investment in Unicredit Credit Management Bank and a portfolio of non-performing loans* Together with other affiliates of Fortress Investment Group LLC, it has reached agreement to acquire Unicredit Credit Management Bank from Unicredit SpA* Acquisition includes a portfolio of non-performing loans ("NPLS") with a GBV of approximately 2.4 billion euros ($2.7 billion) and an NPL servicing business* Investment is expected to result in an investment by eurocastle of approximately 200 million euros Source text for Eikon: Further company coverage: ($1 = 0.8841 euros) (Gdynia Newsroom)

Fortress Investment Group LLC (Fortress), is a global investment management firm. Shares of FIG traded higher by 0.41% or $0.03/share to $7.39. In the past year, the shares have traded as low as $5.58 and as high as $9.10. On average, 1095570 shares of FIG exchange hands on a given day and today's volume is recorded at 171918.