Popular says sells 1.14 bln eur consumer loan portfolio

MADRID Thu Dec 13, 2012 10:47am EST

MADRID Dec 13 (Reuters) - Spanish lender Popular has sold a 1.14 billion euro ($1.49 billion) portfolio of troubled consumer loans to a consortium of international investors, the bank said on Thursday.

Nordic distressed debt group Lindorff and funds advised by financial services-focused private equity firm Anacap bought the portfolio, Popular said in a statement. (Reporting By Tracy Rucinski; Editing by Sarah White)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.