Following the relevant announcement on December 22nd, 2020, National Bank of Greece (“NBG”) informs investors that it has completed the disposal of a Romanian-risk corporate NPE portfolio (“Project Danube”) with a total Gross Book Value of c. €174 million (€102 million of allocated collateral value) to Bain Capital Credit (“Bain Capital”). The transaction is capital neutral.
Deloitte Business Solutions SA acted as financial advisor to NBG, Milbank LLP and CMS Cameron McKenna Nabarro Olswang LLP SCP as international and local external legal counsels.