Saturday November 28, 2020

Four potential bidders eye up €600m sale of Goldman Sachs Irish hotel arm

17th June, 2018

Global investment giant Goldman Sachs is inching closer to a deal for its €600 million-rated Irish hotel arm, with up to four potential buyers asked to submit offers for a third bidding round by the middle of next month.

Goldman took control of Tifco when it purchased the debts of the Irish company from IBRC during the recession. The US investment bank then bolted on various hotels it was able to pick up at bargain...

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