NBG selects consortium DoValue, Bain, Fortress as preferred bidder for bad loans


21 July. (Reuters) – DoValue announced that a consortium of financial services firm Bain Capital and Fortress has been selected by the National Bank of Greece (NBG) as the preferred bidder for the project’s boundaries for a short period of negotiations.

NBG, Greece’s second largest lender in terms of assets, is seeking to get rid of a portfolio of problem loans known as project boundaries.

Earlier on Wednesday, NBG said it was in exclusive negotiations with the consortium to sell non-performing loans. (Reporting by Kanishka Singh in Bangalore; editing by Jacqueline Wong)

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