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SocGen's Romanian unit sells 1.25B lei debt portfolio

Polish debt collector Kruk's subsidiary InvestCapital Malta Ltd. agreed to purchase a portfolio of secured and unsecured corporate debt from Romania-based BRD-Groupe Société Générale SA.

The total nominal value of the portfolio amounts to 1.25 billion Romanian lei. The purchasing price for the portfolio was paid by Kruk's unit May 29, the Polish company said the same day, without disclosing the value of the transaction.

Société Générale SA is the ultimate parent of BRD-Groupe Société Générale.

As of May 29, US$1 was equivalent to 4.09 Romanian lei.