Icarom plc, which was formed to handle the liabilities of the former AIB-owned insurance group, had a deficit of €218 million at year-end, down from €220 million in 2004, according to accounts just filed.
The company was set up after ICI collapsed with debts of €400million.The state intervened, to prevent ICI bankrupting the rest of the AIB group, by nationalising the insurer and placing it in administration.
Under a deal struck between AIB and...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team