NAB Sells GBP1.2 Billion Portfolio of UK Real-Estate Loans
15 Diciembre 2014 - 4:11PM
Noticias Dow Jones
By Robb M. Stewart
MELBOURNE, Australia--National Australia Bank Ltd. (NAB.AU) has
struck a deal to offload another GBP1.2 billion (US$1.9 billion)
parcel of higher-risk commercial real-estate loans in the U.K. to
private equity firm Cerberus Global Investors.
It follows a similar agreement in late July to sell a GBP625
million bundle of largely nonperforming U.K. commercial real-estate
loans to Cerberus, and reduces to the balance of NAB's portfolio to
GBP836 million from an original GBP5.6 billion in October 2012, the
Australian bank said Tuesday.
Write to Robb M. Stewart at robb.stewart@wsj.com
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