Lone Star buys bulk of Anglo’s UK loan book for €4.8bn

The US fund Lone Star has acquired the bulk of Anglo Irish Bank’s €7bn UK loan book sold by the special liquidators for IBRC.

Lone Star buys bulk of Anglo’s UK loan book for €4.8bn
Thu, 27 Feb, 2014 - 00:00
John Walsh, Business Correspondent

The UK property news portal, CoStar, has reported that the €7bn par value loan book was sold for €4.8bn, which is a discount of just over 30%.

A spokesperson for the special liquidators for IBRC, KPMG, declined to comment on the price.

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CourtsPlace: UKPlace: USPlace: Stadium of LightPlace: DallasPerson: Kieran WallacePerson: Eamonn RichardsonPerson: Minister for FinancePerson: Michael NoonanPerson: NoonanOrganisation: Lone StarOrganisation: Anglo Irish BankOrganisation: IBRCOrganisation: CoStarOrganisation: KPMGOrganisation: RockOrganisation: SaltOrganisation: EvergreenOrganisation: Project SaltOrganisation: SunderlandOrganisation: Project RockOrganisation: Sankaty Advisors, LLCOrganisation: Canyon Capital Advisors LLCOrganisation: NAMAOrganisation: Central BankOrganisation: Project HollyOrganisation: AIBOrganisation: Project SandOrganisation: Project StoneOrganisation: Project Pebble
Lone Star buys bulk of Anglo’s UK loan book for €4.8bn

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