UCI, Unión de Créditos Inmobiliarios Inmobiliarios S.A. (UCI), a specialised mortgage lender in Spain and Portugal 50/50 owned by Banco Santander S.A and BNP Paribas Group, signed an agreement for the direct sale of its entire Greek to a consortium consisting of CrediaBank and Davidson Kempner Capital Management LP.
UCI’s Greek portfolio is a mix of performing and non-performing residential mortgage loans in Greece and certain unsecured consumer exposures.
ppl assisted UCI from the early stages of the transaction through negotiations and until the execution of the agreement.
Our team was led by Mary Nigritinou, partner, assisted by junior associates Evgenia Moulianitaki and Vicky Palouki. Of counsel Kyriaki (Kitty) Fragalexi advised on all regulatory matters and the multiple SLAs involved in the transaction.