Deliver Your News to the World

Rabobank agrees sale of former ACC Loan Portfolio


WEBWIRE

Rabobank has agreed the sale of the secured loan portfolio formerly owned by ACC Loan Management (ACC) to a consortium of Goldman Sachs and CarVal Investors. It has also agreed the sale of the unsecured loan portfolio to Cabot.

The sale of the entire remaining loan portfolio of ACC valued at approximately EUR 800mln will have a small positive impact on Rabobank Groupís 2019 net profit and its CET1 ratio.†
††
Rabobankís Banking for Food strategy is the driving force behind the Groupís international portfolio. The sale underpins this international strategy and is in line with the Groupís balance sheet optimization program to reduce non-core assets.


( Press Release Image: https://photos.webwire.com/prmedia/6/239248/239248-1.png )


WebWireID239248





This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.