Tuesday October 27, 2020

Nama to sell €1.8m O'Flynn loan portfolio

Nama, the state's bad bank, has retained investment bank USB to sell approximately €1.8 billion in loans connected to the O'Flynn Group, the Cork development giant headed by Michael O'Flynn.

8th December, 2013

Nama, the state's bad bank, has retained investment bank USB to sell approximately €1.8 billion in loans connected to the O'Flynn Group, the Cork development giant headed by Michael O'Flynn.

Likely bidders for the loans include private equity giant Lone Star, as well as marquee financial institutions Deutsche Bank and Goldman Sachs, according to several sources.

Nama made the decision to offload the loans after receiving a number of unsolicited approaches for the loans, which...

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.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

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 | 9 months 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 | 5 years ago