2 days ago
Spain's Bad Bank to Start Sale of €1.5 Billion in Soured Loans
Spain's bad bank plans to sell a portfolio of about €1.5 billion ($1.75 billion) in soured loans.
Sareb, as the state-controlled asset manager is known, and advisors have approached investors to offer the portfolio, named Project Florencia, a company spokesperson said in response to Bloomberg questions. The loans are unsecured and offers are expected after August.
