Saturday November 28, 2020

Cerberus snaps up €300m of impaired loans in deal with AIB

The loans are primarily secured on Northern Irish and other British debt

31st December, 2017

Cerberus, the US vulture fund at the centre of a controversy over its Irish dealings, has closed a deal with AIB for €300 million worth of toxic debt.

The loans are primarily secured on Northern Irish and other British debt. It is Cerberus’s first purchase of Northern Irish debts since its controversial deal to buy Nama’s Project Eagle in 2014.

AIB confirmed to The Sunday Business Post that it has completed a...

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