Apollo and Bain want Santander's non-performing portfolio in Portugal

Apollo and Bain want Santander's non-performing portfolio in Portugal

 

The information was announced by Bloomberg, which said the joint venture between Arrow Capital and CarVal Investors as well as Cerberus Capital Management, are other entities that compose the array of interested parties in this portfolio, who also have submitted offers to the Spanish bank.

According to the agency, binding offers for the purchase of these real estate sector toxic assets should be presented only in September. Alantra is advising Santander Totta in this sale operation, which mainly involves non-performing credit from Banco Popular.

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