Unlocking Treasury

The connections between Treasury Holdings and the family business interests of its colourful director Johnny Ronan may have been a complicating factor for Nama, writes Richard Curran.

29th January, 2012
Unlocking Treasury
Richard Barrett and Johnny Ronan of Treasury Holdings in happier times: the property group's once-buoyant fortunes are currently in the doldrums. Photo: Collins

Connections between the business interests of Treasury Holdings and those of its director, Johnny Ronan, are likely to feature in the High Court action between the property group and Nama next month.

Nama rejected offers put on the table by two interested parties to acquire a chunk of Treasury Holdings loans for what it said were for "commercial" reasons. The state agency appointed a receiver to a raft of Treasury subsidiaries last week, but with...

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