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KKR Eyes Spanish Lenders, May Seek Role Managing Bad Bank Assets 2014-05-13 06:25:39.30 GMT
By Sharon Smyth and Charles Penty May 13 (Bloomberg) -- KKR, the private-equity firm run by billionaires Henry Kravis and George Roberts, is interested in investing in a Spanish lender and may seek to manage assets of the country’s bad bank. * “We would very much like to share in the capital of a financial institution and we are following the process of the restructuring of all the banks in detail,” said Jesus Olmos, the firm’s Spanish head, in an interview in Madrid; KKR would like to “be there” if opportunities arise in a second wave of consolidation among former savings banks, he said
For Related News and Information: Sareb Said to Seek Companies to Manage $68.8 Billion of Assets NSN N3PLGI6VDKHY <GO> KKR to Apollo Vie for Spain Lending Left by Banks: Euro Credit NSN MTF14B6K50XW <GO>
To contact the reporter on this story: Charles Penty in Madrid at +34-91-700-9654 or cpenty@bloomberg.net To contact the editors responsible for this story: Frank Connelly at +33-1-5365-5063 or fconnelly@bloomberg.net Steve Bailey