Bank of Valletta seeks €50m out-of-court settlement with out-of-pocket Deiulemar bondholders

Malta’s Bank of Valletta has offered a €50m ($59m) out-of-court settlement to Italian bondholders of defunct Deiulemar, in return to drop a long-standing claim against the bank for €363m. The offer also comes two years after the bank appealed an Italian court’s order for a precautionary warrant that requested it to keep €363m as a …

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