AIB is buying back most of the portfolio of its own bank branches that it sold to Nama developer Gerry Gannon during the boom, at a knockdown price.
Gannon, who is selling to pay down debt as he pursues a Nama exit, originally bought 12 of AIB’s top Dublin branches in a €100 million sale and leaseback deal in 2006.
It’s not known who financed the deal.
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