Czech company APS Holding buys non-performing loans worth EUR 1.3bn

Czechs from APS Holding (APS) has announced the completion of the processes of buying and taking over of two packages of non-performing loans (NPL) in Romania worth EUR 1.33 billion, according to a company release.

The first package was purchased from an international bank operating on the Romanian market and includes secured and unsecured corporate debt and debts of Medium Sized Enterprises (SMEs) with a nominal value of EUR 1.07 billion. The consortium which won this transaction, the largest in Central and Southeast Europe, is made up by APS Holding, International Finance Corporation (member of the World Bank Group) and other investors, capital.ro informs.

The second package was purchased from Intesa Sanpaolo Bank Romania, with an exposure exceeding EUR 261 million, which includes retail and corporate debt, both secured and unsecured. In this case, the investor is APS Delta, a company operatingon behalf of APS Holding, with other investment institutions, including AnaCap Financial Partners.

The guaranty for both portfolios consists of residential, commercial and industrial properties and their management will be provided exclusively by Homeland Properties. The acquisition joins the funds under the APS management, including 75 receivables portfolios with a nominal value of over EUR 4.5 billion.

“We are pleased to have completed the takeover of these NPL packages and to strengthen our position, as leading position on the market in Central and South-eastern Europe. Previous transactions in the region have helped us accumulate valuable experience in the administration and management of corporate cases. We also appreciate the long-term cooperation of the international financing institutions, partners in the region,” said Martin Machon, CEO APS Holding.

APS Holding is leader in investment, management and recovery of NPL portfolios and real estate in Central and South-eastern Europe. The company was founded in 2004 in Prague, Czech Republic, and now conducts operations through 480 experts in ten European countries: Bulgaria, Croatia, Cyprus, Greece, Montenegro, Poland, Czech Republic, Romania, Serbia and Slovakia. APS manages receivables with a total value of over EUR 4.5 billion and provides exclusive expert advice to the group’s four vehicles, and to other large global investment funds.

AnaCap FinancialAPS HoldingCzech RepublicIFCIntesa SanpaoloMartin Machonnon-performing loansNPLreceivablesSMEWorld Bank
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