08:55 AM EDT, 04/11/2024 (MT Newswires) -- Orange (ORAN) is selling 1.9 billion euros ($2.04 billion) of loans as it divests its financial services business, Bloomberg News reported Thursday, citing people familiar with the matter.

The transaction consists of three portfolios, mostly comprising home and consumer loans, the report said.

Orange did not immediately respond to MT Newswires' request for comment.

Bids are expected to be submitted in May and potential bidders include AB CarVal Investors, GoldenTree Asset Management, KKR & Co and Cerberus Capital Management, the report said.

None of the asset management firms immediately responded to MT Newswires' requests for comment.

(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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