PCP Capital Partners LLP plans to invest USD 2bn in Greek NPLs

Nassos DrakosGreek Market

PCP Capital Partners,  is looking at acquiring a strategic stake in a small Greek bank and using it as a platform to invest up to USD2bn in NPLs.

PCP, backed by large sovereign investors, is close to acquiring a stake in small Greek lender Pancretan Cooperative Bank, Staveley told Reuters.

The bank would then be used as a platform to invest up to USD 2bn in non-performing loans in the Greek banking sector over a period

Source:capital.gr