CaixaBank sells a portfolio of €700M to Cerberus

CaixaBank sells a portfolio of €700M to Cerberus

 

This portfolio includes 150 non-performing loans, granted to companies, related to residential, retail, offices and logistics real estate, according to EjePrime. The transaction will have been closed for about €200 million, according to industry sources consulted by the same newspaper.

With this acquisition, the American fund follows its purpose of increasing its real estate portfolio in all sectors. And the Bank follows its strategy of assets disposal.

 

 

Photo: Reuters

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