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Cerberus plans €500M investment
03 June 2019 | Vanessa Sousa

Cerberus went back on its operation to sell its subsidiary Gescobro and conceived a plan for its growth in Spain.

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According to El Confidencial last week, the company intends to, within three years, invest 500 million euro on secured and unsecured loan portfolios, which will result in investment between 100 and 200 million euro per year. To consolidate other platforms in Spain and to explore foreign markets are also possibilities for the company, reveals the same newspaper.

The American fund reversed its initial plan after concluding that the sale of Gecobro wasn’t the most profitable option since the proposals presented by international investors were around 300 million euro, a similar amount to the amount Cerberus invested in it during the last 4 years.