Doubts over Spain’s asset purchase premium

Suggestions that Spain’s bad bank would buy low quality assets from the country’s financial institutions at above market prices were met with scepticism this week, as analysts worried that such a move would prevent a fair valuation of the Spanish real estate market.

  • 17 Aug 2012
While Nama, the Irish bad bank, paid below market value for non-core assets from that country’s banks, it is understood that the equivalent Spanish entity — due to be formed by the end of the year — may recapitalise nationalised banks not only through capital injections but also ...

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