trending Market Intelligence /marketintelligence/en/news-insights/trending/adsodtt_dz1gfuilflovnq2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Report: Permanent TSB close to selling remainder of UK biz to Cerberus

MI Mobile App

Independent Networks Gain Little Traction On Virtual Multichannel Services

Big Strategy Decisions Ahead For Viacom As It Moves Into The CBS Fold

Street Talk Episode 48 - Bank M&A, Investing Against An Inverted Yield Curve Overview


Report: Permanent TSB close to selling remainder of UK biz to Cerberus

CerberusCapital Management LP is understood to have been picked byPermanent TSB Group HoldingsPlc as a preferred bidder for Capital Home Loans Ltd.'s mortgage portfolio, ThomsonReuters' IFR reported Oct. 4, citing "three people with knowledge of thesituation."

The remainder mortgage book, comprising mostly buy-to-letmortgages, totals about £2.5 billion, IFR reported, adding that Cerberusbought £2.5 billionin Capital Home Loans' assets and the legal Capital Home Loans entity in March2015.

Permanent TSB had until the end of June to sell its U.K.business, but soughta deadline extension from the European Commission to divest the unit.

The Irish lender said July 27 that the sale's timing wasuncertain due to the U.K.'s Brexit vote and that it was in talks withauthorities in relation to its restructuring plan commitments.