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$1.7 0.0  0.0%

Last Trade - 24/10/12

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)
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