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.

Ian Kehoe - avatar

Ian Kehoe

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...

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