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)