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CaixaBank Puts Martinsa Fadesa’s Final Loans Up For Sale Along With Debt Worth Another €800 Million

The Catalan bank wants to clean up its balance sheet ahead of its merger with Bankia and so is putting two portfolios of toxic assets on the market valued at 1 billion euros.

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The banking entity CaixaBank has put two large portfolios of toxic assets on the market, valued at 1 billion euros in total, ahead of its merger with Bankia.

The Catalan bank and its advisor, KPMG, hope to find buyers for the two operations before the end of the year, a few weeks before the nationalised group is officially absorbed, according to El Confidencial.

Read the full article in Spanish.

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