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Banco de Sabadell SA to sell debt recovery unit to Lindorff-Reuters

Sunday, 27 Jul 2014 08:00pm EDT 

Banco de Sabadell SA:Spain's Banco Sabadell said on July 28 it had agreed to sell its debt recovery business to Lindorff Espana, part of Norwegian credit manager Lindorff, for 162 million euros-Reuters.Sabadell said it would make a 162 million euro capital gain from the sale.It said the debt recovery unit has also struck a deal to manage its assets for 10 years. 

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