Wednesday January 22, 2020

LONE STAR STATE

What will happen if the US vulture fund gobbles up Nama's loan book? Ian Kehoe reports.

9th March, 2014
Money man: John Grayken started Lone Star in 1995 and has bought everything from Japanese golf courses to a South Korean bank. Picture: Getty

It was a staggeringly bold statement of intent; one that immediately gripped the minister's attention. At the World Economic Forum in Davos, the annual Swiss gathering of the world's political and business glitterati, a number of executives from the US investment behemoth Lone Star quietly approached Michael Noonan, Ireland's finance minister. They wanted to talk Nama. More specifically, they wanted to talk about buying billions of €worth of Nama's assets and loans in big ticket...

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 | 3 weeks 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