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Sabadell Sells a Portfolio of Toxic Assets to Tilden Park for €60 Million

The bank chaired by Josep Oliu is finalising the sale of a portfolio containing around 1,000 non-performing loans to SMEs with real estate guarantees, whose original combined appraisal value was 300 million euros.

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Sabadell has reached an agreement with the North American fund Tilden Park for the sale of the first portfolio of non-performing assets to be sold in Spain since March.

The operation will close this week for more than 60 million euros, according to financial sources speaking to El Confidencial. The portfolio contains around 1,000 non-performing loans to SMEs with real estate guarantees, with an original combined appraisal value of 300 million euros.

Read the full article in Spanish.

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