Octopus Portfolio by Commerzbank to Be Sold by the End of June

21/02/2014 – Bloomberg

The German bank will accept bidding offers for the portfolio by March 2nd. Then, the property credits worth €4 million will change their owner.

“The loans will become the object of desire due to crushing pressure put on the distressed investors. Moreover, the portfolio could be the unique at stake during this cycle” explained our CEO Fernando Acuña.

The small businesses´ loans are both of performing and non-performing sort and are valued at €4.8 million. (…). Interest in property debt is rising all over Europe.

Original article: Bloomberg (Sharon Smyth, Nicholas Comfort and Shane Strowmatt)

Summary: AURA REE