EU clears Nama after builders' complaint

Competition Commissioner Margrethe Vestager says examination showed that Nama’s activities did not breach EU rules, and that it acted as a private operator would have done

25th January, 2018
EU clears Nama after builders' complaint
EU's Nama decision a relief for government. Pic: Getty

The European Commission has found that financing deals for major developers by Nama did not breach state aid rules.

In a statement released this morning, however, European Competition Commissioner Margrethe Vestager said: “Our assessment shows that Nama’s activities did not breach EU rules - it has acted as a private operator would have done, and in line with its objective to obtain the best possible financial return for the State and Irish taxpayers”....

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