Sunday February 23, 2020

Nama loses €22m after Agar firm collapses

Nama has been left nursing losses of €22 million, following the collapse of a building company controlled by the Dublin property developer David Agar.

25th August, 2012

The National Asset Management Agency (Nama) has been left nursing losses of €22 million, following the collapse of a building company controlled by the Dublin property developer David Agar.

A liquidator has been appointed to the company Dasnoc, which was the building and marketing division of Agar's property empire. The company has left behind a deficit of €36 million.

Nama is owed €32 million, and is expected to recoup €10 million from the company's assets,...

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