Bloomberg – Anchorage Capital Group LLC, a New York-based hedge fund, bought most of Blackstone Group LP’s stake in Eircom Group amid the Irish phone company’s rejection of a multibillion-dollar buyout offer.
Blackstone sold a stake of about 25 percent in Dublin-based Eircom to Anchorage while retaining about 5 percent, said a person familiar with the situation, asking not to be identified because the information is private. Anchorage, which previously held about 8 percent, is now the biggest shareholder in the company, Paul Bradley, Eircom’s head of corporate affairs, said in a phone interview.
