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AREB made a decision to sell “clean assets” of Banca Privada d’Andorra under Vall Banc brand to American company JC Flowers & Co for 29 million euro

The Board of Directors of the National Agency for restructuring of banks of Andorra (AREB) made a decision to sell “clean assets” of Banca Privada d’Andorra to American company JC Flowers & Co for 29 million euros. New financial structure Vall Banc was established by AREB earlier to separate “clean assets” in Banca Privada d’Andorra. 

In its …

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