German non-performing loan sell-off gathers pace, ABS coming

  • 22 Oct 2004

US investment firm Lone Star has bought a Eu1.2bn portfolio of mainly non-performing and sub-performing loans from Dresdner Bank.

Lone Star, which last month bought a Eu3.6bn portfolio from Hypo Real Estate Bank, won a competitive auction. The purchase price was not disclosed.

The ...

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4 Citi 467 1 10.94
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