03:06 PM EDT, 08/29/2024 (MT Newswires) -- LCM Partners is joining a bid by KKR (KKR) to buy about 1.9 billion euros ($2.1 billion) of loans from Orange Bank, Bloomberg reported Thursday.

LCM Partners will take around a third of the transaction which is likely to be completed in the coming days, the report said, citing people familiar with the matter. LCM is partly owned by Brookfield Asset Management (BAM).

The loan portfolio is mostly made up of home and consumer loans, the report added. KKR is said to lead the group of investors acquiring the loan portfolio.

KKR and LCM Partners did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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