confidential

Allied Irish Bank US property portfolio: US$ 10 billion Met with Reuben family today, they are putting in a bid: US$ 1.5 billion equity, US$ 5 billion debt financing (term sheet in place).

They will bid US$6.5bn for about US$8bn of the portfolio.

All the big houses are competitors (Blackstone, Paulson, Goldman) so they think their chances are not very high.

They would like a strong partner for the bid, to increase it and to bid for the total US$10bn.

More information I can not get as its confidential.

Interesting?=