Colpatria Buying Codensa Loan Portfolio

Colpatria Buying Codensa Loan Portfolio

Colombia

Colombia’s Banco Colpatria Red Multibanca is acquiring a loan portfolio valued at COP500bn ($261.4m) from Endesa’s Colombian subsidiary Codensa. A Codensa spokeswoman says the final deal value will be determined when the portfolio changes hands November 27. She adds that the deal value will be equivalent to that of the portfolio value, which can change by closing date, and adds that BNP Paribas advised Codensa on the deal. As part of the transaction, she says, Colpatria will be in charge of furt

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