Nama loses €200m on Northern property book
Nama, the state's toxic debt agency, lost €200 million on the sale of its entire Northern Ireland property book, it can be revealed.
Nama, the state’s toxic debt agency, lost €200 million on the sale of its entire Northern Ireland property book, it can be revealed.
The Sunday Business Post has established that Nama sold the loans to Cerberus Capital Management for €400 million less than the discounted price it paid the banks to acquire the same loans at the height of Ireland’s banking crisis.
But the overall loss to the state was mitigated...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine