Bloomberg News

Kennedy-Wilson Among 3 Bidders for Allied Irish Loans, Post Says

August 05, 2012

Kennedy-Wilson Holdings Inc. (KW:US) is one of three companies shortlisted to buy a 650 million euro ($805.2 million) loan portfolio from Allied Irish Banks Plc., (ALBK) the Sunday Business Post reported.

Goldman Sachs Group Inc. and Lone Star also offered to buy the loans at a 50 percent discount to reflect the fall in Irish property prices, the Dublin-based newspaper reported, without saying where it got the information. The newspaper added that a preferred bidder will be selected within the coming weeks.

To contact the reporter on this story: Colm Heatley in Belfast at cheatley@bloomberg.net

To contact the editor responsible for this story: Douglas Lytle at dlytle@bloomberg.net


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Companies Mentioned

  • KW
    (Kennedy-Wilson Holdings Inc)
    • $25.96 USD
    • -0.11
    • -0.42%
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