Piraeus Financial S A Announces Agreement for the sale of shipping non performing exposures portfolio amounting to €0.4bn gross book value

Capt. John

Piraeus Financial Holding announces that its subsidiary Piraeus Bank S.A. has reached an agreement with an entity affiliated with Davidson Kempner Capital Management LP, for the sale of a shipping non-performing exposures (NPE) portfolio amounting to €0.4bn gross book value (the “Transaction”). The agreed consideration will reach approximately 53% of the portfolio gross book value. …

The post Piraeus Financial S A Announces Agreement for the sale of shipping non performing exposures portfolio...

https://www.hellenicshippingnews.com/piraeus-financial-s-a-announces-agreement-for-the-sale-of-shipping-non-performing-exposures-portfolio-amounting-to-e0-4bn-gross-book-value/

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