MADRID (Reuters) - Spain’s Banco Popular said on Monday it had entered into exclusive talks with U.S. asset management fund Blackstone Group over the sale of a majority stake in its property portfolio, confirming an earlier report in online newspaper Vozpopuli.
The portfolio consists of property assets and non-performing loans valued by Santander - which bought Popular in June - at around 30 billion euros ($35.2 billion).
Reporting by Paul Day; editing by Jason Neely
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