22/08/2011 by Buildington
Real Estate Opportunities is looking to sell a 50pc stake in the power station in order to fund a £5.5bn regeneration project but progress has been delayed and it faces August 31 maturities on more than £400m of debt.
Lloyds Banking Group is understood to have appointed E&Y to review the sales process and also provide insolvency advice. The bank, alongside Ireland's National Asset Management Agency, has a £260m facility secured against the scheme due to expire on August 31.
Source: The Telegraph