SANTANDER AND BLACKSTONE INJECT €300M INTO PROJECT QASAR

Santander and Blackstone decided to inject a total of €300 million into Project Quasar Investment, the company co-created (49% / 51%) in March to receive 30 billion in assets transferred by Banco Popular.

According to El Economista, the establishment of this company was necessary to close this sale transaction of Popular assets. In addition to the purchase of most of the Bank’s assets, Blackstone also acquired Aliseda, the former servicer of Popular, to Santander, through which it will go ahead with the sale of the assets, explains EjePrime.

          Article by: Iberian.property

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