Brief: Eurocastle Investment to invest in two loan portfolios and sell Zama portfolio

Eurocastle Investment

05/01/2016 07:07

Jan 5 (Reuters) - Eurocastle Investment Ltd  ECT.AS : 
    * Announces an investment in two non-performing loan portfolios and sale of Zama portfolio 
    * Transaction is expected to close in Q1 of 2016 
    * Has acquired a 25 pct share in two portfolios of non-performing loans with a combined 
gross book value of about 96 million euros ($103.9 million) from two different sellers 
    * Sale, after repayment of debt and transaction costs, is expected to generate approximately 
3.6 million euros of net proceeds to the company 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHUG6cQCQ8 
     
Further company coverage:  ECT.AS  
 
($1 = 0.9241 euros) 
 
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