The so-called bad bank Spain’s government will set up to take soured real estate from the lenders it has bailed out will seek private investors and try to sell the assets over 10 to 15 years.
“The asset-management company should be viable and not generate losses and in the end not have any impact on the taxpayer,” Economy Minister Luis de Guindos said at a news conference in Madrid today. The aim is for private...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team