The transaction will be closed with a discount of 52% to 55% of the book value, according to El Confidencial. Eje Prime states that, before this agreement, KKR had made an offer but Liberbank ruled out.
The bank has €3,115 million in foreclosed assets in its balance sheet, with a coverage of provisions of 40%, of which €1,741 million relates to prompt house and €480 million for projects under construction. € 402 million refer to offices and logistics warehouses.