Monday November 30, 2020

ACC to pay €70 million farewell dividend to parent firm Rabobank

Ian Guider

Markets Editor

13th January, 2019

The now defunct lender ACC is to pay a near €70 million dividend to its Dutch parent company as part of a final wind down of its business in Ireland.

ACC Loan Management, which was overseeing the closing of the former bank, applied to the High Court last month to reduce its share capital, a move that would allow it to create reserves from which to pay dividends.

Just before Christmas, ACC’s remaining loan portfolios...

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