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(Visited 29 times, 1 visits today)
  • Transaction / Assets
  • Seller
    na
  • Buyer
    na
  • € MM

The pillar project bidder to be announced by early August.

Three investor funds are Eurobank’s shortlist for the € 26 billion NPE portfolio. Eurobank estimates they will get for the portfolio € 530-600 m.

The three funds that made to the short list are Fortress, Pimco, and Elliott-Bain joint venture. Eurobank in regards to its NPEs plans to sell the Pillar portfolio ( € 2 bn mortgages), securitize € 7,24 bn NPEs of all kinds and sell its servicer, FPS.

In total, along with the NPEs that Eurobank already has, the buyer will have € 26 bn distressed loans to service.

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