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 loans to Premier Foods Plc, 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.

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