Saturday August 15, 2020

COMMENT: Who will buy from the vultures?

The next phase of the distressed debt story is just beginning, writes Jack Horgan-Jones

20th April, 2016
Vulture funds are here for a good time, not a long time Pic: Getty

The race is on for what will be just about the last of Nama’s loan book sales. As reported yesterday, final bids for Projects Emerald and Ruby are currently being prepared.

The bidders have become household names in Ireland in recent years: Goldman Sachs, Cerberus, CarVal, Lone Star – they are the names that have bought Ireland.

But now that the massive deleveraging of toxic debt from the balance sheets of Ireland’s wounded...

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