MADRID, 18 Dic. (EUROPA PRESS) –
The Company for the Management of Assets from Bank Restructuring (Sareb) has sold a portfolio of loans without mortgage guarantee to the Spanish company Procobro with a nominal value of 1,610 million euros.
The operation, called ‘Saona’, has been closed after a competitive process that has allowed Sareb to divest the different minority debt positions that had been left without mortgage guarantee after the execution of the loans.
The company has had the financial advice of EY and the firm Herbert Smith Freehills in this transaction, on the legal side. Procobro, for its part, has been advised by Versus Capital.
Sareb was created in November 2012 to help clean up the Spanish financial sector, especially those entities that received public aid during the financial crisis.
The company, which is 45.9% owned by the State through the Fund for Orderly Bank Restructuring (FROB), is committed to proceeding with the liquidation of the properties and loans acquired before November 2027.
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