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KKR to manage two Greek banks' troubled loans

May 17, 2016 7:54 AM ETKKR & Co. Inc. (KKR) StockKKRBy: Stephen Alpher, SA News Editor6 Comments
  • KKR expands its Pillarstone platform, inking a deal with Alpha Bank and Eurobank to manage up to $1.35B of problem loans.
  • Pillarstone was launched last summer through a partnership with two Italian banks. It's aim is to provide a fresh source of long-term capital to capital-challenged banks, along with the P-E firm's restructuring expertise. Banks signing on will be able to capture some of the upside as loan performance improves.

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