Crosbie resists €77m bid by Nama
The agency, which in 2010 took over the AIB loans of Mr Crosbie and his companies, is not seeking judgment against Mr Crosbie concerning other sums due under a separate €353m facility for development of the Point Village. Recourse for the €353m is limited to assets provided as security, plus an additional personal recourse amount, it noted.
“Significant” sums realised from security granted by Mr Crosbie have been applied to reduce his debts under the Point Village loans, including €27m from sale of his shareholding in Amphitheatre Ireland Ltd, Nama said.
