B2Holding ASA, via its fully owned subsidiary Ultimo
Netherlands BV, has entered into an agreement to acquire a
residential mortgage Non-Performing Loan ("NPL") portfolio in
Romania in a 50/50 partnership with EOS Investment RO GmbH
("EOS").
The portfolio consists of some 6,800 loans secured by real
estate collaterals. The portfolio has a Nominal Value of some
EUR 370 mn.
The acquisition of the portfolio is an important milestone
following on from B2Holding's successful acquisition of DCA
in May 2016. The acquisition is positioning B2Holding for
further growth and development in Romania, which is the
largest market for NPL transactions in South-East Europe
("SEE").
The portfolio is being sold by Banca Comerciala Româna
("BCR"), a member of the Austrian Erste Group. BCR is the
most important financial group in Romania, providing
universal banking operations (retail, corporate & investment
banking, treasury and capital markets), and covering
specialty companies working on the leasing market, private
pensions and housing banks. BCR is Romania's No. 1 bank in
terms of asset value (over EUR 14 bn.).
B2Holding's partnership with EOS on this portfolio investment
offers many benefits, including risk mitigation and the
opportunity to form a relationship with a key regional player
in the market. B2Holding and EOS will share responsibility
for managing the portfolio on an equal basis.
"We appreciate the time and commitment that both BCR and EOS
have dedicated to this complex transaction. After spending
time with the management of EOS, we are comfortable that this
partnership will deliver maximum value to our shareholders
from the portfolio, while expediting our growth in Romania
and SEE" says Olav Dalen Zahl, CEO of B2Holding.
The transaction is expected to close during December 2016.
For enquiries regarding the transaction please contact:
Olav Dalen Zahl
CEO, B2Holding ASA
Telephone: +47 909 86 386
Email: odz@b2holding.no
About B2Holding ASA
B2Holding is a leading European financial services provider
which has specialised in the investment and workout of non-
performing loans primarily from the banking sector as well as
providing third party debt collection solutions on behalf of
clients. In addition we draw upon our expertise in handling
large amounts of customer data and offer credit information.
The B2Holding strategy involves identifying the right
portfolio investments, and developing strong operational
platforms across Europe to position itself as a Pan-European
player. B2Holding is uniquely positioned for profitable
growth with an experienced management and an outstanding
track record. For further information, visit
www.b2holding.no.
About The EOS Group
The EOS Group is one of the leading international providers
of customised financial services. Its main focus is on
receivables management covering three key business segments:
fiduciary collection, debt purchase and business process
outsourcing. With just under 8,000 employees and more than 60
subsidiaries, EOS offers some 20,000 clients in 28 countries
around the world financial security with tailored services in
the B2C and B2B segments. Being connected to an international
network of partner companies, the EOS Group has access to
resources in more than 180 countries. Its key target sectors
are banking, utilities and telecommunications, along with the
public sector, real estate, mail order and e-commerce. For
more information please go to: www.eos-solutions.com.
