IFLR1000

APS Holding acquisition of €2.3 billion Hellenic Bank NPL portfolio

3/7/2017
Loan portfolio sale
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Completed

3/7/2017

Overview:

  • APS Holding has acquired a portfolio of NPLs and real estate assets from Hellenic Bank.
  • The NPL portfolio is valued at €2.3 billion with the real estate assets valued at €150 million.
  • The acquisition was made by the newly formed APS Debt Servicing Cyprus.

Sam Duke

Jurisdiction:

Cyprus

Deal type:

Loan portfolio sale

Practice areas:

Banking
M&A

Industry sector:

Banking

Firm:
Antoniou McCollum & Co

Party: APS Holding (Acquirer)

Lawyers: Anastasios Antoniou, Christina McCollum

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