Ramón y Cajal has advised Caja Rural de Aragón in the Cobble Project in which it has transferred to EOS Spain a secured portfolio of 177 doubtful mortgage loans with a total debt of €30m.
Caja Rural de Aragón is a cooperative credit institution headquartered in Zaragoza and established in the provinces of Zaragoza, Huesca, Teruel, La Rioja and Lérida. It emerged in 2011 from the merger of Cajalón and Multicaja. Through this agreement, Caja Rural de Aragón reorganised its assets and managed to clean up its portfolio of doubtful loans.
The team from Ramón y Cajal advising Caja Rural de Aragón was formed by the partner, Cándido Pérez Sanz (pictured) together with the lawyers, Alejandro Urrizburu Santos, Natalia Aycart, Lluna Gràcia and Antonio María García-Loarte.