Servdebt Capital Asset Management has completed the purchase of a portfolio of non-performing loans (NPLs) from Abanca, dubbed the ‘Gaia Project’. This is a portfolio of approximately €80 million of NPLs that were on the balance sheet of Abanca in Portugal.

The ‘Gaia Project’ is a portfolio of unsecured loans to individuals and small and medium-sized enterprises owned by Abanca.

The transaction was completed in December.

Original Story: Jornal Económico | Author: Maria Teixeira Alves
Edition and translation: Prime Yield