Vultures circle Davy buyout loan book

A number of interested parties are circling the loans connected to Davy Stockbrokers, which went up for sale last week.

Ian Kehoe - avatar

Ian Kehoe

21st September, 2013
Davy Stockbrokers: its loan book went up for sale last week. Photo: Feargal Ward

A number of interested parties are circling the loans connected to Davy Stockbrokers, which went up for sale last week as part of the liquidation of the Irish Bank Resolution Corporation's (IBRC) loan book.

Several parties are interested in the Davy loans, including a number of prospective international investment funds. However, the broker is attempting to fend off any buyers, and is attempting to refinance its IBRC loans with other institutions.

The Davy loans date...

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