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AstroBank reached an agreement on 31st December 2019 with Qualco Holdco Limited, for the sale to the latter of 74.9% of Trusset Asset Management Limited, a newly formed company, for the management of AstroBank’s portfolio of Non-Performing Exposures (NPEs) and Real Estate Owned Assets (REOs). According to a press release, AstroBank will retain 25.1% of the Company. In the context of purchasing this business from AstroBank, Trusset will employ from the AstroBank, through the TUPE Legislation, 37 employees who have to …
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