Friday October 30, 2020

Anglo closer to US loan sale

An early sale of Anglo Irish Bank’s US loan book is now on the cards, with second round bids due to be submitted next week.

13th August, 2011

An early sale of Anglo Irish Bank’s US loan book is now on the cards, with second round bids due to be submitted next week.

The $9.5 billion portfolio attracted a significant level of bidding interest from private equity houses and banks when first-round bids were lodged last week.

However, sources close to the process said that the market turmoil and the difficulty in obtaining funding for big transactions had reduced both the number...

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