Brief: Hoist Finance Acquires Major NPL Portfolio In Greece

Hoist Finance AB (publ)

28/12/2021 15:41

Dec 28 (Reuters) - Hoist Finance AB (publ)  HOFI.ST :
    * HOIST FINANCE ACQUIRES MAJOR NPL PORTFOLIO IN GREECE
    * TOTAL OUTSTANDING BALANCE IS APPROXIMATELY EUR 2.1 BILLION
AND
TOTAL INVESTMENT IS EUR 108 MILLION.
    * TRANSACTION IS EXPECTED TO CLOSE DURING Q1 2022.
    * HAS ENTERED INTO AN AGREEMENT WITH ALPHA BANK TO ACQUIRE A
GREEK
PORTFOLIO OF NON-PERFORMING LOANS, COMPROMISING OF UNSECURED
CONSUMER LOANS AND A MINOR PART SMALL ENTERPRISE LOANS AND
SECURED LOANS

Source text for Eikon:  ID:nWkr1BGYFD 
Further company coverage:  HOFI.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))