By Valentina Za MILAN (Reuters) – Italian bank UniCredit plans to sell around 2 billion euros ($2.29 billion) in impaired debts to bad loan specialist Prelios after halting a process to hire a debt recovery firm for the portfolio, three sources close to the matter said on Wednesday. The deal will beef up assets managed by Prelios just as the group evaluates a possible initial public offering or a tie-up to allow its owner – U.S. investment fund Davidson Kempner Capital Management – to cash out, bankers said. New York-based DK took Prelios private in 2018 after launching a buyout offer for the …
