ECONOMY

Sale of Greek public hospital debt to Italian firm announced

sale-of-greek-public-hospital-debt-to-italian-firm-announced

Banca Farmafactoring SpA announced on Wednesday that it has completed the acquisition of a portfolio of debt owed by public hospitals in Greece.

The Italian lender has acquired a portfolio of 10 million euros of debt owed by about 100 hospitals and healthcare providers across Greece in a deal that represents the first such transaction in this country. [Reuters]