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Full coverage: Promontoria

10 years a vulture – part 1: How Cerberus has done out of a decade’s worth of Irish loans

The US investment firm is liquidating the first wave of vehicles it used to acquire billions of euros' worth of Irish debt after the financial crisis. A cash-flow analysis reveals how much it has made from assets offloaded by Nama and the banks.

Thomas Hubert
4th Feb, 2025 - 10 min read

Boomtime in Bucharest, sour times in Dublin: Irish investors fallout over alleged diverted funds

In 2005, three Irish investors formed a partnership to buy commercial real estate in Romania. A €3 million bank loan was drawn down. Now one of the three, former Fine Gael donor Andrew Sheehy, claims his name was forged on the loan documents.

Francesca Comyn
1st May, 2020 - 5 min read
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