Elena Moya
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Blackstone, KKR eye Lehman assets: sources
LONDON (Reuters) - Blackstone Group LP and Kohlberg Kravis Roberts & Co are each looking to buy parts of Lehman's real estate and asset management units, sources familiar with the situation said on Friday, sparking a broad rebound in financial stocks. ... Full Article
Colonial seaks deal with creditors next week -source
LONDON, Sept 5 (Reuters) - Troubled Spanish real estate company Colonial <COL.MC> will meet creditors and shareholders next week to reach an 8.9 billion euro ($12.7 billion) debt restructuring deal aimed at saving the company from bankruptcy, a ... Full Article
CORRECTED - ECB rules seen hitting Spain's savings banks
(Deletes paragraph seven for incorrect figures and replaces with new paragraph with correct figures. Adds sourcing to paragraph eight; adds day of the week to paragraph one) Full Article
UPDATE 1-ECB rules seen hitting Spain's savings bank
LONDON, Sept 4 (Reuters) - Spanish savings banks, such as Caja de Ahorros del Mediterraneo, are likely to be hit hard by new European Central Bank (ECB) rules to tighten its lending to banks, market and banking sources said on Thursday. Full Article
BNP creates distressed unit to profit from gloom
LONDON, Sept 4 (Reuters) - French bank BNP Paribas <BNPP.PA> has created a distressed finance group as the economic and financial downturn allows investors to buy assets at discount prices, it said on Thursday. Full Article
Colonial close to debt deal: source
LONDON (Reuters) - Spain's Colonial <COL.MC> is moving towards agreeing a debt restructuring with its creditors that may include a future cash injection from shareholders and the sale of some assets, a person familiar with the situation told Reuters ... Full Article
Popular, Caja Madrid struggle to sell loans-sources
LONDON, Aug 29 (Reuters) - Spain's Banco Popular <POP.MC> and Caja Madrid have had to delay and significantly reduce sales of non-performing loans (NPLs) due to lack of interest, sources familiar with the transactions told Reuters. Full Article
UPDATE 1-Houlihan, Deloitte to advise Martinsa Fadesa -source
LONDON, Aug 28 (Reuters) - U.S. investment bank and restructuring boutique Houlihan Lokey will advise Spain's Martinsa Fadesa <MDAF.MC> on its 5 billion euro ($7.4 billion) debt restructuring, a source close to the situation told Reuters on Thursday. ... Full Article
Distressed funds circle Spain's Cortefiel
LONDON (Reuters) - Vulture funds are finally saying debt from Spanish retailer Cortefiel may now be cheap enough to buy, after waiting months for prices of the struggling company's debt to fall further. Full Article
Distressed funds circle Spain's Cortefiel
LONDON (Reuters) - Vulture funds are finally saying debt from Spanish retailer Cortefiel is now cheap enough to buy, after waiting for months to see prices of the struggling company's debt fall further. Full Article
