European Banks Moving Toward Great Divestment, Black Says

Apollo Global Management LLC founder Leon Black said Europe’s banks are still willing to sell assets amid a dearth of such sales by the region’s lenders.

“It’s not like banks have a for sale sign on a lot of those assets,” Black said in a speech at the Super Investor conference in Paris today. “But they may do a deal if you can provide a holistic solution, give them the right sticker price and get it back in terms, or keep them on as stakeholders.”