Alpha Bank SA logo

ACBD - Alpha Bank SA News Story

$1.7 0.0  0.0%

Last Trade - 24/10/12

Sector
Financials
Size
Mid Cap
Market Cap £1.49bn
Enterprise Value £-3.58bn
Revenue £2.10bn
Position in Universe th / 1807

Alpha Bank picks Davidson Kempner as preferred bidder for $12 bln bad loans

Mon 23rd November, 2020 8:47am
ATHENS, Nov 23 (Reuters) - Greece's Alpha Bank said on
Monday that it picked U.S. investment fund Davidson Kempner as
its preferred bidder to buy a 10.8 billion euros  ($12.81
billion) portfolio of non-performing loans in what will be
Greece's largest-ever sale of bad debt.
    Reuters had exclusively reported on Friday that Alpha Bank
had selected Davison Kempner European Partners as the preferred
bidder for the Galaxy transaction  ID:L1N2I62U5 
    The sale also includes the disposal of Alpha's bad loan
servicing unit, Cepal. Davidson Kempner has valued the assets at
about 290 million euros, a source told Reuters on Friday.

($1 = 0.8430 euros)

 (Reporting by Lefteris Papadimas)
 ((lefteris.papadimas@thomsonreuters.com; +30 210 3376477;
Reuters Messaging: lefteris.papadimas.reuters.com@reuters.net))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.