Alpha Bank nears deal to sell bad debt portfolio to Fortress - sources
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ATHENS/LONDON (Reuters) - Alpha Bank , Greece's fourth-largest lender, is close to finalising a deal to sell a portfolio of bad loans worth more than 1 billion euros (£902 million) to U.S. investment manager Fortress Group, three sources familiar with the matter told Reuters.The sale is part of Alpha's efforts to offload bad debt and clean up its balance sheet as Greek banks resume plans to divest non-performing loans after the disruption caused by the coronavirus outbreak.Alpha was initially..