Big Nordic banks face major losses on loans to PE-owned companies

According to the business news service, Insidebusiness, a study shows that several banks could suffer large-scale losses on their lending to private equity-owned companies. The firms in question have liabilities of up to DKK 10 billion.

Danske Bank, among others, could suffer losses on Top-Toy. | Photo: Ritzau Scanpix/Mads Claus Rasmussen

Several of Denmark's largest financial institutions could find themselves wounded by major losses on their lending to a number of private equity-owned (PE-owned) companies, writes Insidebusiness.

A study conducted by Insidebusiness shows that large PE portfolios have liabilities of up to DKK 10 billion (EUR 1.34 billion),  and the companies are already having difficulties servicing the loans or risk facing such a situation in near future.

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