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Liberbank plans to sell €300M in adjudicated assets
20 November 2019 | Vanessa Sousa

At a time when there are several portfolios on the market, Liberbank plans to place its portfolio on the market as well. The portfolio is composed by a set of adjudicated assets, which, altogether are estimated at more than 300 million euro at face value.

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The process is already under way, but there are still some final details that need to be concluded so that the portfolio can be officially placed on the market. At the same time, the bank already established contacts with funds and investors who may be interested in the deal.

The process will accelerate in the coming weeks and, according to sources close to the bank contacted by newspaper Expansión, the company’s goal is to reach a final agreement before the end of the year or at the start of 2020.