Anglo seeks approval for sale of $19bn loans in US

A bankruptcy judge in the US has been asked by IBRC to approve the sale of loans with nominal balances totalling more than $19bn (€13.75bn).

The proposed purchasers of the US assets include affiliates of Goldman Sachs, Deutsche Bank and Lone Star Funds, according to an filing on Tuesday by the liquidator of Anglo Irish Bank, which became IBRC in 2011, in bankruptcy court in Wilmington, Delaware.

Anglo Irish Bank was nationalised in January 2009. IBRC filed for creditor protection in Delaware in August to protect its US holdings during the wind-down.