Sale of NB’s €400M portfolio to Cerberus about to be closed

Sale of NB’s €400M portfolio to Cerberus about to be closed

The news is reported by Negócios. Together with project Nata 2, this may be one the largest NPL sales in Portugal. The list of assets includes unidentified terrain and industrial, residential and retail assets, most of which are located in the districts of Lisbon and Setubal, according to what was reported by Jornal Económico in April.

Initially, the portfolio would have been estimated at 500 million euro, but some assets were removed since the negotiations started.

The sale of project Nata 2, representing 3.000 million euro in NPLs, should be concluded soon. According to Idealista, the interested parties have until the end of today to hand in their binding offers.

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