Select CVA secures 87 per cent creditor approval
Proposals for the Company Voluntary Arrangement (CVA) have been approved at a meeting in Central London this morning
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Predictions for Cyprus in 2019
In 2018 the Bank of Cyprus completed the sale of a portfolio of non-performing loans (NPLs) to Apollo Global Management LLC, a U.S. private equity firm. The deal involved 14,000 loans of €2.8 billion (of which €2.7 billion related to NPLs) which were secured by real estate collateral, for a gross cash consideration of some €1.4 billion.
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