UniCredit: Ghizzoni, ok cda to schedule vehicle with Kkr credit -2- – Italian Stock Exchange

(Il Sole 24 Ore Thomson Financial) – Milan, April 9 – “The objectives of this operation – said Ghizzoni – not to be confused with the debt. The objective and ‘try to support companies that are already’ in a phase of restructuring but still performing, so classified in suffering, still alive, to accelerate recovery through investment in equity made with the assistance of banks and Kkr. And possibly also with managerial support if necessary. ” For UniCredit the operation will concern ‘first exposure between 1 and 2 billion. Ghizzoni pointed out that the optics of the vehicle that will be ‘made up will not be’ that of private equity: “The timing of the investment will be more ‘long and the return expected by the fund will be’ lower than expected by private equity funds “clarified. The vehicle, in any case, “will remain ‘a kind of open-ended fund and then as needed there’ availability ‘to enrich it. The target – he added – and’ consists of mid-sized companies, not ‘a fund aimed at small businesses. “

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(RADIOCOR) 09-04-15 20:41:45 (0685) 5 NNNN