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Popular says sells 1.14 bln eur consumer loan portfolio
December 13, 2012 / 3:51 PM / 5 years ago

Popular says sells 1.14 bln eur consumer loan portfolio

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)

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