Bidders compete to manage €50bn of Sareb assets

Sareb has asked eight bidders to make binding offers for contracts to manage €50bn of distressed loans and assets. In the first stage of an outsourcing process, Sareb’s board received 46 non-binding offers  to manage different combinations of 10 portfolios that comprise its book of assets. KPMG is advising Spain’s bad bank and expects to […]