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Banco Popular sells 620 mln euros in loans to Blackstone, Apollo- spokesman
January 12, 2017 / 12:43 PM / 8 months ago

Banco Popular sells 620 mln euros in loans to Blackstone, Apollo- spokesman

MADRID, Jan 12 (Reuters) - Spain’s Banco Popular has sold 620 million euros ($661 million) of non-performing property loans to U.S. asset managers Apollo and Blackstone, a bank spokesman said on Thursday.

Blackstone and Apollo bought assets worth 400 million euros and 220 million euros respectively, the spokesman said. (Reporting by Angus Berwick; Editing by Paul Day)

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