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Spain's Popular agrees sale of debt recovery business
January 21, 2013 / 8:21 AM / in 5 years

Spain's Popular agrees sale of debt recovery business

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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