DEAL
Under the radar...
Under the radar, all parties involved ensured the deal went through
Under the radar, all parties involved ensured the deal went through, in which a well-known businessman cleared his debts, totaling hundreds of millions of euros, to a systemic bank.
Information from BnB Daily indicates that the agreement was reached with an 86% haircut, while the company that took over the loans received a fee from the debtor, amounting to 30% of the original debt.
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