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Spanish bank Banco Popular has entered exclusive talks with Blackstone over the sale of a majority stake in its €30 billion property portfolio, the bank said in a statement released on Monday. Blackstone has agreed to acquire 51 percent of Popular’s portfolio, comprising repossessed assets worth an estimated €18 billion and €12 billion of non-performing […]
Spain’s Banco Santander is planning to sell the property exposure of the recently-purchased Banco Popular at a discount of up to 40 percent, according to Spanish news agency Europa Press.
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