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!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team