Golden Tree buys Bankia’ portfolio of €300M

Golden Tree buys Bankia’ portfolio of €300M

 

According to El Independiente, the portfolio in question is Proyecto Giants, the first operation in the country of Golden Tree, which manages debt amounting to approximately €25,500 million.

By 2020, Bankia wants to reduce by €8.800 million its exposure to toxic real estate assets to a total of €8,400 million.

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