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Goldman Sachs, CarVal preferred bidder for Project Quartz

A project involving Goldman Sachs Group and CarVal Investors is the preferred bidder for around 1 billion euros of real estate loans known as Project Quartz, according to two people with knowledge of the matter.

The loans are linked to the former Anglo Irish Bank Corp. and are being offered at a discount by the liquidators of Irish Bank Resolution Corp., the people said. IBRC was created by the government after it merged Anglo Irish Bank Corp. and Irish Nationwide Building Society.

Spokespeople for the companies declined to comment.

Click here for the full Bloomberg article

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