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Greece's Piraeus Bank to sell €1.4bn bad loans to Bain Capital
Piraeus Bank S.A. has entered into an agreement with Bain Capital Credit LP in relation to the sale of non-performing and denounced corporate credit exposures, secured with real estate collateral, equivalent to €1,950mn total legal claims or €1,450mn on-balance sheet gross book value. The transaction is subject to customary conditions,…