Cerberus, Intrum Said Near Deal to Buy €2 Billion of Hoist Loans
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Cerberus Capital Management LP and Intrum AB are nearing a deal to buy Spanish bad loans with a face value of around €2 billion ($2.2 billion) from Hoist Finance AB, according to people familiar with the matter.
The agreement is expected to be signed in the coming days, the people said, asking not to be identified because the negotiations are private. It would be one of the first deals for the investment partnership the US investor and the Swedish firm agreed to earlier this year.