Sareb

Spain's 'bad bank' sells loan bundle to Bank of America - sources

Bank of America Merrill Lynch has bought a small package of loans from Spain's so-called 'bad bank' Sareb, helping the vehicle to surpass year-end sales targets, two sources familiar with the situation said on Monday.

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H.I.G. Capital buys Spanish assets

Spanish officials sold a controlling stake in Project Bull to H.I.G. Capital for around EUR100 million.

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