The special liquidators of the IBRC (the former Anglo Irish Bank) have announced the successful conclusion of the sale of the Rock and Salt projects within the IBRC portfolio worth €7.3bn. The Minister for Finance, Michael Noonan, welcomed the news of the sale, consisting mostly of commercial real estate loans written through UK subsidiaries of the IBRC.
"I am extremely pleased with the progress made by the Special Liquidators to date in relation to the disposal of assets in IBRC. The sale of this entire portfolio on top of the success of the Project Evergreen sale...
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