€8bn sell off: Nama gears up for biggest ever auction as wind-down accelerates
The state’s loan agency Nama is pushing the button on an €8 billion asset sell-off, a move that will see thousands of Irish loans being auctioned off to international investors in the coming months.
The move represents one of the largest asset sales ever in Ireland, and will massively accelerate the wind down of the state’s toxic loans agency.
Nama is selling loans that are currently managed on its behalf by the banks, including AIB and Bank of Ireland. The loans will be brought to the market later this year.
Nama has put out a tender seeking professional services to advise it on the sale. It is...
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