Lone Star, Kennedy-Wilson among Lloyds Irish loan bidders - report

US investment firms Lone Star Funds and Kennedy-Wilson Holdings are believed to be among remaining bidders for parts of about €2 billion of mainly Irish property loans Lloyds Banking Group is selling.

9th October, 2012

US investment firms Lone Star Funds and Kennedy-Wilson Holdings are among remaining bidders for parts of about €2 billion of mainly Irish property loans Lloyds Banking Group is selling, two people with knowledge of the matter said.

The UK’s second-biggest government-aided bank attracted bids of 10 to 15 cents in the euro for the so-called Pittlane portfolio, which is being sold in two pieces, according to two people, who asked not to be named, as...

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