The Irish Bank Resolution Corporation and Ulster Bank took control of Arnotts in 2010 when they wrote off loans related to the ill-fated Northern Quarter property development

The Competition Authority has given its blessing to the acquisition of a 50 per cent stake in Dublin department store Arnotts by Fitzwilliam Finance P(...)

Developer Michael O’Flynn: ‘We note that these loans have now been sold to Blackstone and we believe this will assist us in responding to the opportunities we see in our markets in Ireland, the UK and Europe.’  Photograph: Alan Betson

Developer Michael O’Flynn’s property and construction group is unlikely to have to repay all of the €1.8 billion debt that State agency Nama is sellin(...)

Michael O’Flynn in front of Cork’s Elysian Tower. Photograph: Daragh Mac Sweeney

Private equity giant Blackstone is poised to buy €1.8 billion worth of property loans given to companies cont(...)

Apollo Global Management is understood to be in final negotiations to acquire the debt at a price said to be about 40 cent in the euro of the face value of Arnott’s debt.

A private equity investor is close to acquiring a €230 million group of loans owed by Arnotts, the leading Dublin department store, to IBRC, the forme(...)

Payment protection insurance promised to pay off loans and credit card debts in the event of illness or job loss. A review by the Central Bank has found €25 milion will be returned to customers.  Photograph: Simon Dawson/Bloomberg

Some €25 million is being returned to customers of 11 financial institutions after a partial review of the payment protection insurance (PPI) sector f(...)

Developer Michael O’Flynn: up to five investors are understood to be willing to bid at least €950 million to buy the loans given to the property group controlled by him from Nama, although the State agency has yet to put them on the market.

Up to five investors are understood to be willing to bid at least €950 million to buy the loans given to the property group controlled by Michael O’Fl(...)