Greece, Bidder, Alpha Bank, Davidson Kempner

Greece, Bidder

Alpha Bank picks Davidson Kempner as preferred bidder for US$12 billion bad loans

Alpha Bank picks Davidson Kempner as preferred bidder for US$12 billion bad loans

23/11/2020 12:36:00 PM

Alpha Bank picks Davidson Kempner as preferred bidder for US$12 billion bad loans

Greece 's Alpha Bank said on Monday that it picked U.S. investment fund Davidson Kempner as its preferred bidder to buy a 10.8 billion euros ...

BusinessGreece's Alpha Bank said on Monday that it picked U.S. investment fund Davidson Kempner as its preferred bidder to buy a 10.8 billion euros (US$12.81 billion) portfolio of non-performing loans in what will be Greece's largest-ever sale of bad debt.

Commentary: Does Singapore have to resort to 'slapstick and Singlish' to get public messages across? PM Lee Hsien Loong, other ministers speak out against racism after alleged attack 3 community cases, including 2 fully vaccinated linked to new Changi Airport cluster

FILE PHOTO: A man withdraws money at an Alpha Bank branch ATM in central Athens, Greece, July 19, 2015. REUTERS/Yiannis Kourtoglou23 Nov 2020 05:00PMShare this contentBookmarkATHENS: Greece's Alpha Bank said on Monday that it picked U.S. investment fund Davidson Kempner as its preferred bidder to buy a 10.8 billion euros (US$12.81 billion) portfolio of non-performing loans in what will be Greece's largest-ever sale of bad debt.

Reuters had exclusively reported on Friday that Alpha Bank had selected Davison Kempner European Partners as the preferred bidder for the Galaxy transactionAdvertisementAdvertisementThe sale also includes the disposal of Alpha's bad loan servicing unit, Cepal. Davidson Kempner has valued the assets at about 290 million euros, a source told Reuters on Friday. headtopics.com

Read more: CNA »

Singapore returns to tighter COVID-19 measures: What's allowed under the new rules?

SINGAPORE: With the recent rise in COVID-19 cases in the community, Singapore has announced tighter measures for about three weeks from Saturday ...