Sunday November 29, 2020

Nama directors to get SPV board majority

The National Asset Management Agency( Nama) is to nominate a majority of the directors of the special purpose vehicle (SPV) that will take formal ownership of €54 billion in property loans, in an effort to defuse controversy over private sector invol

21st November, 2009

The National Asset Management Agency( Nama) is to nominate a majority of the directors of the special purpose vehicle (SPV) that will take formal ownership of €54 billion in property loans, in an effort to defuse controversy over private sector involvement in the Nama process.

The move is aimed at easing concerns over the complexity of the Nama structure, which were raised in recent weeks after it emerged that the SPV, rather than Nama, would...

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