Sunday May 31, 2020

Clerys buyer has Nama to thank for her survival

21st June, 2015
Deirdre Foley’s D2 had debts estimated at €450 million when it entered Nama. Picture: Tony O'Shea

Deirdre Foley, the co-founder of property investment firm D2, knows better than most what it is like to face financial meltdown.

While she appears to display little sympathy towards Clerys workers, she would not be in a position to help fire them if the state had not bailed her out in her own time of need.

Back then, the fortysomething Porsche-driving accountant was in the National Asset Management Agency (Nama). She was struggling to cope...

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