Friday February 28, 2020

Bank trio backs O'Brien for Topaz loans

The billionaire businessman Denis O'Brien clinched funding from three banks to finance his winning bid for the loans of Topaz, the country's biggest petrol station chain.

22nd December, 2013

The billionaire businessman Denis O'Brien clinched funding from three banks to finance his winning bid for the loans of Topaz, the country's biggest petrol station chain.

It has emerged that Bank of Ireland was the lead financier for O'Brien's successful bid for €304 million of Topaz loans, auctioned off by the liquidators of the Irish Bank Resolution Corporation (IBRC).

Corporate filings also reveal that Ulster Bank and AIB both advanced finance to the O'Brien bid.

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