Spain's Popular agrees sale of debt recovery business

MADRID Mon Jan 21, 2013 3:17am EST

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MADRID Jan 21 (Reuters) - Spanish bank Popular said on Monday it had agreed to sell a debt recovery business in Spain to the EOS Group, a supplier of the bank owned by financial services group Otto.

The business was valued at 135 million euros ($179.44 million) and would generate a one-off earning of 133 million euros for the bank, Popular said in a statement. ($1 = 0.7524 euros) (Reporting By Sarah Morris; editing by Paul Day)

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