Blackstone negotiates mortgage portfolio for €950M

Blackstone negotiates mortgage portfolio for €950M

Goldman Sachs and Elliott Management Corporation were also negotiating with Blackstone, but according to Bloomberg, the proposal from the credit acquisition specialist CarVal Investors was the highest.

The American fund acquired this, now reduced, mortgage portfolio in 2014 from Calalunya Banc for 3.600 million euro, at a time when Spain was going through a financial crisis.

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