The B2Holding Group has signed, in a co-investment structure with Waterfall Asset Management, an agreement with Eurobank Ergasias S.A. ("Eurobank") in Greece for the acquisition of a non-performing credit portfolio composed of unsecured credit loans granted to private individuals.
The portfolio has a Face Value of approximately EUR 2.0 billion of which EUR 1.1 billion is Principle at a purchase price of 3.1% of Face Value or 6.0% of Principle amount.
The daily servicing of the portfolio will remain with a licensed and 100% owned subsidiary of Eurobank Greece in cooperation with B2Kapital S.A.
"The co-investment structure is an important milestone in the development of the Greek subsidiary B2Kapital S.A. and confirms B2Holding Group's interest in acquiring portfolios in the Greek market. The co-investment structure is positioning us for further growth and development in Greece while simultaneously broadening our asset base and increasing revenues from third party collection business", says Olav Dalen Zahl, CEO of B2Holding ASA.
For enquiries regarding the transaction, please contact:
Olav Dalen Zahl CEO,
B2Holding ASA
Telephone: +47 909 86 386
Email: odz@b2holding.no
