Greece’s National Bank (NBG) this week announced that it is in exclusive talks with a consortium comprised of Bain Capital, Fortress and doValue for the sale of a securitized red loan package, called Frontier, a transaction valued at 6.1 billion euros.

Discussions with the consortium have a specific timeframe, NBG said.

According to reports, the relevant decision was taken on Tuesday evening by the Board of Directors of the National Bank.

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