IFLR1000

IFC/KRUK GROUP €170 million acquisition of Eurobank NPL portfolio

20/5/2016
Loan portfolio sale
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€ 170 million

$ 180.858 million

Completed

20/5/2016

Overview:

  • A consortium of investors including the IFC and Kruk (ProsperoCapital) has acquired a €170 million portfolio of NPLs from subsidiaries of Eurobank.
  • The loans were originated by Bancpost, ERB Retail Services IFN and ERB New Europe Funding II.
  • The portfolio consists of revolving and term loans issued to Romanian clients.

Sam Duke - Editor

Jurisdiction:

Romania

Deal type:

Loan portfolio sale

Practice areas:

Banking
M&A

Industry sector:

Banking

Firms:
CMS Cameron McKenna Nabarro Olswang

Party: Eurobank Ergasias (Seller)

Lawyers: Cristina Reichmann Virtopeanu, Horea Popescu

Ţuca Zbârcea & Asociaţii

Party: International Finance Corporation (IFC) (Acquirer)

Lawyer: Mihai Dudoiu

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