Apollo Buys $93.6 Million in AIB Loans to Premier Foods, FT Says

Apollo Global Management LLC has purchased a 60-million pound ($93.6 million) package of Allied Irish Banks Plc (ALBK) loans to Premier Foods Plc (PFD), the Financial Times reported, citing people close to the food company.

Apollo’s purchase of the Irish lender’s loans comes as a fight for control of the “deeply indebted” maker of Hovis and Angel Delight food brands has become increasingly likely, the newspaper reported today.

To contact the reporter on this story: Erik Larson in London at elarson4@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.