Listed
Buildings, plots and stake holdings in companies will be transferred to AssetsCo and its subsidiary European AssetsCo, while the consolidation plan envisages the relocation of stores and the renegotiation of rents.
Intrum took full control of Earth portfolio following the purchase of Carval's stake in the portfolio.
The Transaction is subject to ordinary conditions precedent and the consent of the Hellenic Financial Stability Fund.
The company has about $300 billion in total liabilities, and analysts have worried for months about whether a collapse could trigger a wider crisis in China's property market.