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Arrow takes aim at taxpayer-owned loans

Arrow takes aim at taxpayer-owned loans
Friday 18
23:30 2019

Arrow Global, the listed debt purchaser, is in talks to buy a portfolio of commercial loans that would mark another step in the government's efforts to shed the legacy of its financial crisis bailouts. Sky News understands that Arrow and Davidson Kempner, a hedge fund, are close to agreeing the purchase of a loan portfolio with a face value of tens of millions of pounds from UK Asset Resolution (UKAR). Banking sources said that a transaction could be completed in the coming weeks. A deal will be subject to approval from the Treasury, which oversees UKAR, the agency which holds ...

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Read more from Sky News : Arrow takes aim at taxpayer-owned loans
Sky News : Arrow takes aim at taxpayer-owned loans

Summary: Arrow Global, the listed debt purchaser, is in talks to buy a portfolio of commercial loans that would mark another step in the government's efforts to shed the legacy of its financial crisis bailouts.

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