Oaktree Capital Management, L.P. won an auction to acquire overdue real estate loans worth €950 million from Banco de Sabadell, S.A. (BME:SAB) for €250 million on January 9, 2017. Ángel Pérez, Borja Contreras Bernier, José-Félix Zaldívar and Michelle Lezama of Uría Menéndez acted as legal advisors to Banco de Sabadell, S.A. (BME:SAB). Herbert Smith Freehills acted as legal advisor to Oaktree Capital Management, L.P.