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AIB’s Project Pivot sale process revived after near collapse

Allied Irish Bank’s sale of the UK non-performing loan portfolio Project Pivot has been revived this week after the near collapse of the NPL sale at the start of the week over pricing of the defaulted real estate loan portfolio, CoStar News has learned.
By James Wallace
October 19, 2012 | 6:15 p.m.

Project Pivot has been substantially reduced in number of loans and outstanding debt, from £383m over 108 loans at the time first round bids in July, to now a little over half that size at around £200m across 60 loans, CoStar News understands.

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News | AIB’s Project Pivot sale process revived after near collapse