Saturday February 22, 2020

Vulture firm paid €250 tax on revenues of almost €65m

Pentire Property Finance is a subsidiary of CarVal - the multibillion euro US private equity giant

13th November, 2016

A special purpose vehicle used to control hundreds of millions of euro worth of toxic Irish property debt paid just €250 in tax last year on revenues of €64,879,428.

The company, Pentire Property Finance, is a subsidiary of CarVal, the multibillion euro US private equity giant.

It paid €348,316,665 to Bank of Scotland Ireland for a bundle of Irish loans on November 29 2014.

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