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.
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.
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine