NOVO BANCO SELLS PORTFOLIO OF € 700M

NOVO BANCO SELLS PORTFOLIO OF € 700M

 

Project Viriato is advised by Alantra. Most of these assets are located in Lisbon and Oporto, and about half are residential, 25% commercial and the remaining 25% is land.

According to the news released by DebtWire and quoted by Negócios, Anchorage Capital Partners, Bain Capital Credit and Arrow Capital Group were invited to submit offers for this portfolio until early October.

This portfolio represents about 30% of the total properties that the Bank wants to dispose of in the near future. The non-strategic assets of the Bank are net worth €2,361 million.

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