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
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”....
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures