Karatzas & Partners has advised B2Holding on its acquisition of a portfolio worth EUR 3.6 billion from Alpha Bank in its first sale of under-performing and non-performing consumer and small business loans.
According to Karatzas & Partners, the firm "advised B2Holding as participant bidder throughout the two-stage bidding process initiated by Alpha Bank, for the above sale and transfer of the portfolio, which initially had a value of total exposures of approximately EUR 2.5 billion.”
During the second phase of the process, Alpha Bank expanded the transaction by adding a smaller portfolio (of similar characteristics) worth approximately EUR 1.1 billion.
Karatzas & Partners did not reply to our inquiries on the matter.
