Thursday February 27, 2020

Inside the IBRC loan sale: Apollo nabs Arnotts but Racing Post and Jurys Inn fail to land buyers

Paddy McKillen's €800m loans to be sold separately in Project Pebble auction

15th December, 2013
Paddy McKillen, one of IBRC's biggest debtors, is understood to have secured finance to mount a bid. Picture: PA

New details are emerging this weekend about the sale of loans connected to the former Anglo Irish Bank, with a US private equity giant about to land loans connected to Arnotts, and loans linked to the Jurys Inn hotel chain not finding a buyer.

As the €22.5 billion liquidation of the Irish Bank Resolution Corporation (IBRC) escalates, it can be confirmed that Apollo Asset Management, the US investment firm, is on the verge this weekend...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 1 month ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago