Goldman Sachs, the international investment bank, has made a tentative return to the Irish market, taking a slice of a €600 million residential loan book.
The investment giant has emerged as a partner with Australian mortgage company Pepper Home Loans, which recently snapped up GE's Irish sub-prime mortgage. The book was once valued at €600 million, but Goldman Sachs and Pepper bought it at a steep discount, believed to be around 60 per cent.
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