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Commerzbank Sells 14 Tankers to Oaktree Fund to Reduce Bad Loans – Bloomberg

loans - Google News Dec 16th, 2013 Loans.



Commerzbank Sells 14 Tankers to Oaktree Fund to Reduce Bad Loans
Bloomberg
Commerzbank AG (CBK), Germany's second biggest bank, sold 14 chemical tankers to a fund managed by Oaktree Capital Management LP, eliminating 280 million euros ($385 million) in bad shipping loans from its books. The asset sale reduces the volume ...
Commerzbank sells €280m of shipping loansFinancial Times

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