The Blackstone Group L.P. (NYSE:BX) acquired non-performing property loans worth €400 million from Banco Popular S.A. (BVC:POPULAR) on January 12, 2017. In a related deal, Apollo Global Management, LLC (NYSE:APO) acquired non-performing property loans worth €220 million from Banco Popular S.A. (BVC:POPULAR). Uría Menéndez Abogados, S.L.P acted as legal advisor to Banco Popular S.A.

The Blackstone Group L.P. (NYSE:BX) completed the acquisition of non-performing property loans worth €400 million from Banco Popular S.A. (BVC:POPULAR) on January 12, 2017.