The opportunistic fund decided to reduce its exposure to the country following the closure of a fund. It had bought corporate loans with real estate exposure.

The Marathon fund, one of the largest opportunistic investors, wants to get rid of a large part of its assets in Spain. This investor has given a sale mandate to Alantra to transfer all the problem loans and real estate assets it has bought in recent years, valued at more than €1.2 billion, according to financial sources consulted by this newspaper.

Original Story: El Confidencial | Jorge Zuloaga 
Photo: Ibercaja – Facebook
Edition and translation: Prime Yield