Thursday, January 28, 2021
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Banco Sabadell Sells a Portfolio of Toxic Assets to KKR for €130 Million

The entity chaired by Josep Oliu has sold the last of the assets that it inherited from CAM to the US investment firm for 130 million euros.

Banco Sabadell has sold a portfolio of toxic assets that it inherited from CAM to the US investment firm KKR for around 130 million euros. Deloitte has advised the operation

This sale, which was signed on Monday and which is also known as Project Aurora, was transacted with a value of approximately 500 million euros, according to sources close to the operation speaking to Efe.

Read the full article in Spanish.

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