Anglo to sell off €4bn in assets

Anglo Irish Bank expects to dispose of at least €4 billion in assets in 2011 as the nationalised institution continues its wind-down, Mike Aynsley, its chief executive, has told The Sunday Business Post.

2nd April, 2011
Anglo to sell off €4bn in assets
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Anglo Irish Bank expects to dispose of at least €4 billion in assets in 2011 as the nationalised institution continues its wind-down, Mike Aynsley, its chief executive, has told The Sunday Business Post.

The bank, which sold nearly €3 billion of its remaining €36 billion in assets last year, has disposed of €1 billion in assets this year already, according to Aynsley.

That rate puts Anglo on track for a ten-year work-out period and gives an...

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