P-E firm Lone Star gets itself a pre-Christmas bargain, taking advantage of a bad property...

|By:, SA News Editor

P-E firm Lone Star gets itself a pre-Christmas bargain, taking advantage of a bad property environment to buy Lloyds' (LYG +4.6%) Project Royal portfolio of debt. The loans are worth more than £900M ($1.4B) but Lone Star reportedly gets a discount of up to 40%.