Cabot, Ifis Are Said in Talks to Buy Italy Debt Collector FBS


Banca Ifis SpA and Cabot Credit Management Plc are among four firms in talks to buy FBS, an Italian manager of more than 8 billion euros ($9.9 billion) of non-performing loans, people with knowledge of the matter said.

The sale comes as NPL investors are snapping up Italian debt collectors to access Europe’s largest trove of troubled loans. An improving Italian economy and measures to simplify bankruptcy proceedings are increasing the prospects of recovery.