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JPMorgan and Lone Star win Commerzbank’s pan-Euro loan portfolio as Oaktree wins German NPL

JPMorgan and Lone Star have been selected as the preferred bidders for Commerzbank’s €2.4bn pan-European commercial real estate (CRE) loan portfolio and Oaktree Capital Management has been selected for the circa €700m German NPL.
By James Wallace
June 1, 2015 | 5:21 P.M.

Cerberus Capital Management, Colony Capital, Lone Star and Oaktree were underbidders on the pan-European loan portfolio.  Cerberus, Lone Star and BAML were underbidders on the German NPL. Commerzbank has attributed different names for the two loan portfolios to each investor.

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News | JPMorgan and Lone Star win Commerzbank’s pan-Euro loan portfolio as Oaktree wins German NPL