The Polish unit of Spain's Santander (Santander Bank Polska) logo is pictured in Warsaw, Poland, May 10, 2021.
REUTERS/Kacper Pempel/File Photo Acquire Licensing RightsMADRID, Oct 30 (Reuters) - Spain's Santander (SAN.MC) is planning to sell toxic real estate assets with a nominal value of up to 5 billion euros ($5.28 billion), Spanish daily Cinco Dias reported on Monday.
Cinco Dias did not mention the price or potential discount on the sale of the assets, while Santander declined to comment.
Spanish banks were very active in the past in shedding real estate assets that went sour in the economic slump that followed the bursting of the country's real estate bubble at the end of 2007.
($1 = 0.9469 euros)Reporting by Jesús Aguado, editing by Inti Landauro and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
Persons:
Kacper, Cinco Dias, Jesús Aguado, Inti Landauro, Kim Coghill
Organizations:
Spain's Santander, Santander Bank Polska, REUTERS, Rights, Santander, Thomson
Locations:
Warsaw, Poland, Rights MADRID