Archived Hedge Fund Giants Said to Line Up for U.K.'s Biggest Asset Sale (bloomberg.com)
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Archived Hedge Fund Giants Said to Line Up for U.K.'s Biggest Asset Sale (bloomberg.com)
submitted ago by learn2art
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[–] derram ago
https://archive.is/KtxVO | https://vgy.me/edFYlz.png :
'The sale of Bradford & Bingley’s loans will exceed the previous record of 13 billion pounds of Northern Rock mortgages sold to Cerberus in November last year. '
'The U.K.’s biggest banks are preparing to help back investors seeking to buy the assets. '
' The lenders have collectively paid more than 2 billion pounds to the FSCS since 2009 to cover interest on a loan that funded the 2008 rescue of Bradford & Bingley, according to data on the agency’s website. '
'Blackstone Group LP and Cerberus Capital Management LP are also on the shortlist, people familiar with the matter said on Friday. '
'The British government selected CarVal Investors LLC and Elliott Management Corp. to enter a second round of bidding for its largest-ever disposal of U.K. financial assets, according to two people familiar with the process. '
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[–] learn2art [S] ago
More info on CaVal to give some better insight into this: Carval Investors - Bloomberg profile