The closing involved the following portfolio transfers:
- on 17th
January 2025, the Alphabet Secured Retail Portfolio was transferred to an affiliate
of funds managed by Fortress Investment Group and Bain Capital’s Special
Situations business; and,
- on 31st
January 2025, the Alphabet Secured Corporate Portfolio was transferred to a
fund managed by Bracebridge Capital.
The tender
process, launched in October 2023, attracted strong international investor
interest. The successful outcome comes as a result of PQH’s meticulous design and
flawless execution of a parallel sale of three NPL portfolios, within the
applicable regulatory and legal framework and the company’s commitment to
transparency, fair competition, and efficiency.
Spyros
Rasias, CEO of PQH, stated “The completion of the Alphabet
transaction is an important milestone in PQH's journey as it is yet another
strong demonstration of our commitment to the realisation of our mission. With
the support of the Bank of Greece and guided by our strategic planning, the
success of the transaction proves the resilience and stability of the Greek economy,
despite international financial and geopolitical challenges”.
