Intrum acquires real estate portfolio from Ibercaja Banco
Intrum agreed yesterday with Ibercaja Banco S.A. to purchase a portfolio of 6 400 real estate assets (REOs) in Spain from Ibercaja and its affiliates Residencial Murillo S.A. and Cerro Murillo, S.L. The portfolio will be transferred to a new company (NewCo), initially majority owned by Intrum, with Residencial Murillo maintaining a minority equity stake. Intrum’s final investment will be approximately €30-40m once financing and co-investor are in place.- We are very pleased to be able to add another important investment to our Spanish activities, which supports our 2020 financial targets on