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CarVal Buys a €250 Million Portfolio of Refinanced Mortgages from Abanca

The Galician entity has sold the North American fund a 250 million euro portfolio of mortgages affected by the crisis, in a process known as Project Eume.

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Abanca, the entity chaired by Juan Carlos Escotet, has sold a 250 million euro portfolio of refinanced mortgages to the North American fund CarVal Investors, according to financial sources speaking to El Confidencial.

This operation is one of several that were finalised at the end of 2020 with the aim of being included in the accounts for last year, which will be presented over the coming weeks.

Read the full article in Spanish.

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