Lone Star seen as main buyer of IBRC's €7bn "Rock & Salt" portfolio

UPDATE: US private equity giant Lone Star has emerged as the largest buyer of a key portfolio of IBRC loans.

26th February, 2014
The portfolios comprise mostly commercial real estate loans written through the UK branch and UK subsidiary companies of IBRC.

US private equity giant Lone Star has emerged as the largest buyer of a key portfolio of IBRC loans.

Lone Star is understood to have purchased as much as 85 per cent of the €7 billion so-called Projects Rock and Salt loan portfolios.

The sale of the portfolios has concluded with 100 per cent of their books sold to successful bidders, the special liquidators of the former Anglo Irish Bank have said.

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