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...

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