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IBRC weighs €2bn sale

ANGLO'S reincarnation, the Irish Bank Resolution Corporation, is considering selling a loan portfolio of up to €2bn.

The move is part of the attempts to wind up operations at the group by 2020. UBS has been asked to assess the quality of the loans, investors' appetite for them, and the options available to IBRC if it opts to sell them. The portfolio is likely to be split up before being sold off to end investors.