Sabadell mandates Deloitte for sale of EUR 1bn NPL Project Voyager

17 July 2017

 

Banco Sabadell has mandated Deloitte for the sale of a EUR 1bn non-performing loan portfolio, dubbed Project Voyager, said two sources and a person familiar with the situation. The deal is at the very early stages and the portfolio is still being prepared, the person familiar said.

 

The portfolio is expected to hit the market later this year, as reported.

 

Sabadell is also  working on the sale of the EUR 820m Project Gregal, as reported. The portfolio comprises EUR 600m of unsecured loans and EUR 220m of loans backed by real estate, mainly residential.

 

PwC is advising Sabadell on the sale of Project Gregal.