April 17, 2011 / 11:15 AM / 9 years ago

Paragon may bid for 6 bln stg home loan book -paper

LONDON, April 17 (Reuters) - British mortgage provider Paragon Group PARA.L is weighing a bid for a 6-billion-pound ($9.8 billion) block of home loans being sold by an offshoot of Irish Life & Permanent IPM.I, the Sunday Times reported.

The newspaper, without citing sources, said Paragon was looking at the home loans being sold by CHI, a British offshoot of the Irish bancassurer.

Paragon was not immediately available for comment. (Reporting by Mark Potter; Editing by Mike Nesbit) ($1=.6111 Pounds)

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