Portugal’s Oitante shelves sale of €400m Lucille package

By Virna Asara 2020-05-07T00:00:00

Oitante, the Portuguese 'bad bank' holding the assets of failed lender Banif, has decided to indefinitely postpone the sale of a €400 mln real estate portfolio known as Lucille Project, blaming difficult market conditions due to the Covid-19 pandemic.

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