Barclay twins set to bid for McKillen's hotel debts

The billionaire Barclay twins are lining up an audacious move to acquire Paddy McKillen's debts from the liquidators of the former Anglo Irish Bank.

Ian Kehoe - avatar

Ian Kehoe

24th February, 2013
Paddy McKillen: Barclay brothers to go after his IBRC debts. Photo: PA

The billionaire Barclay twins are lining up an audacious move to acquire Paddy McKillen's debts from the liquidators of the former Anglo Irish Bank.

In a move that will raise the stakes in the lengthy battle for control of London's £1 billion Maybourne hotel group, David and Frederick Barclay have let it be known that they are willing to pay a premium to acquire McKillen's loans.

The low-profile tycoons, who own the Telegraph newspaper, have...

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