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Banco Sabadell Chooses Marathon and Tilden to Bid for its €300 Million Doubtful Loan Portfolio

The bank has selected four funds, including Marathon and Tilden Park, to bid on a package of non-performing SME loans worth 300 million euros.

Banco Sabadell has selected the finalist funds to bid for Project Explorer, a package of non-performing SME loans worth 300 million euros.

The financial institution engaged Deloitte to sound out the market regarding the sale of said portfolio and to assess demand in the midst of the coronavirus crisis. The portfolio contains 1,000 SME loans backed by real estate collateral.

Read the full article in Spanish.

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