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Arrow takes aim at taxpayer-owned loans

By Mark Kleinman, City editor
Arrow Global, the listed debt purchaser, is in talks to buy a portfolio of commercial loans that would mark another step in the government's efforts to shed the legacy of its financial crisis bailouts.
Sky News understands that Arrow and Davidson Kempner, a hedge fund, are close to agreeing the purchase of a loan portfolio with a face value of tens of millions of pounds from UK Asset Resolution (UKAR).
Banking sources said that a transaction could be completed in the coming weeks.
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