Friday June 5, 2020

O’Reilly bidding in Ulster Bank loan sale

25th October, 2015
Joe O’Reilly

Around ten heavyweight bidders are competing for Ulster Bank’s €500 million loan book, including a consortium involving developer Joe O’Reilly and the Abu Dhabi Investment Authority (ADIA), The Sunday Business Post understands.

Bidders including Lone Star and Cairn Homes put in first offers last Wednesday, in a process advised by Eastdil and CBRE. Other bidders are thought to include fund giant Cerberus and Blackrock.

Second round offers are due in four...

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

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 1 month ago

What’s coming up today and what you might have missed

Hannah O’Brien | 5 months ago