Brief: Attica Bank Enters Into Definitive Agreement With Davidson Kempner For The Sale Of Two Portfolios Of NPEs

CrediaBank SA

12/11/2024 15:48

Nov 12 (Reuters) - Attica Bank SA  BOAr.AT :
    * ENTERS INTO DEFINITIVE AGREEMENT WITH DAVIDSON KEMPNER FOR
THE
SALE OF TWO PORTFOLIOS OF NON-PERFORMING EXPOSURES WITH A TOTAL
GROSS BOOK VALUE OF C. EUR 3.7 BILLION
    * IT WILL RETAIN 100% OF THE SENIOR NOTES AND 5% OF THE
MEZZANINE
AND JUNIOR NOTES
    * FOLLOWING THE COMPLETION OF THE TRANSACTION ATTICA BANK IS
EXPECTED TO HAVE AN NPE RATIO OF LESS THAN 3%
    * TRANSACTION IS EXPECTED TO BE COMPLETED DURING Q4 2024


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