Posts Tagged ‘Project Aran’

Cerberus and Ulsterbank

Cerberus and Ulsterbank- Loan sales- What is going on!?

In late 2014 it was announced that Cerberus had purchased Ulster Bank’s giant non-performing Project Aran loan book. Cerberus paid £1.1bn for Project Aran which has an unpaid loan balance of c£6bn. The transaction completed in the first quarter of this year and Cerberus and Cerberus Capital management have started to work away. Project Aran…

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