D.E. Shaw & Co., a hedge fund based in the US, is actively looking for a buyer for Spanish assets worth approximately $400 million that it has accumulated over the past ten years.
The firm has enlisted the help of investment bank Alantra Partners SA to identify potential buyers for a portfolio valued at around €380 million. The portfolio consists mainly of non-performing loans and real estate holdings, according to sources familiar with the negotiations who wished to remain anonymous due to the confidential nature of the discussions.
This move by D.E. Shaw is part of its strategic efforts to optimize its asset management in the region.