Billionaire Wilbur Ross is looking at the Greek banks
Billionaire Wilbur Ross is looking at the Greek banks
He tripled his money in the Bank of Ireland - The financial sector in Europe continues to offer opportunities, he told CNBC
The known billionaire and major investor Wilbur Ross, who managed to triple his money in Bank of Ireland, seems to be particularly interested in the banks of Greece, Italy and Spain.
As Ross told CNBC, the financial sector in Europe continues to offer opportunities, as some banks remain at very low valuations (in distress levels).
It should be noted that Ross is among a group of investors from North America that bought 35% of the distressed Bank of Ireland, while the share was around 10 cents. This year they saw the title touching 0.39 euros. "It was a great investment for us," he said to CNBC.
As Ross told CNBC, the financial sector in Europe continues to offer opportunities, as some banks remain at very low valuations (in distress levels).
It should be noted that Ross is among a group of investors from North America that bought 35% of the distressed Bank of Ireland, while the share was around 10 cents. This year they saw the title touching 0.39 euros. "It was a great investment for us," he said to CNBC.
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