Saturday December 14, 2019

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...

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.

Team Pass

Get a Business Account for you and your team

Related Stories

Mortgage gouging by banks does not serve society well

Matt Cooper | 3 weeks ago