According to Reuters, Lone Star is itching to exit from German bank IKB as European Central Bank and the European Banking Authority will begin to run mandatory health tests in banks this year.
American investment firm Apollo Global Management LLC raised USD3.9 billion to buy distressed European assets. Specifically, the private equity firm is hunting for hotels and resorts in Spain.
Lone Star and other shareholders announced that they have exited Tokyo Star Bank.
Bailed-out Lloyds Banking Group is preparing to sell a second and smaller portfolio of loans backed by UK commercial property.