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Beka Finance Acquires Haya’s Debt Issuer From Cerberus

The US investment fund sold part of Haya, which is immersed in a solvency crisis, to Beka Finance.

Beka Finance

Cerberus is splitting up Haya Real Estate. The US investment fund sold Haya Titulación, the platform that manages debt, to Beka Finance.

The agreement to acquire the management company, which has debt worth 23.2 billion euros, has already been signed, according to El Confidencial. Cerberus must now inform Haya’s bondholders of the transaction. Beka Finance will carry out a capital increase of 100 million euros to finance the deal.

Haya RE securitised €200 billion worth of mortgage debt, consumer loans, credit cards, SME financing and future credit claims.

Read the full article in Spanish

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