The U.S. investment bank is buying a portfolio of non-performing corporate and property loans from Australia's Suncorp Group for $960 million.
June 18, 2013 at 04:09 AM
1 minute read
Allen & Overy has advised Goldman Sachs Group Inc. on a $960 million acquisition of a loan portfolio from Australian financial institution Suncorp Group Ltd.
Goldman Sachs is paying 60 cents on the dollar for a portion of Suncorp’s portolio of non-performing corporate and property loans worth $1.6 billion.
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