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Daily Archives: November 26, 2020

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Davidson Kempner

Davidson Kempner picked as Alpha Bank’s preferred bidder for $12 billion Galaxy bad loans

Due DiligenceBy November 26, 2020

US investment fund Davidson Kempner has been selected by Greek lender Alpha Bank as its preferred bidder to buy a $12 billion portfolio of non-performing loans. The sale would be Greece’s largest ever sale of bad debt according to Reuters.  The portfolio, known as Galaxy project is worth over €10.8 billion and also includes the…

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