Developers Treasury 'past the point of rescue'

Treasury Holdings has been described by NAMA as significantly insolvent and past the point of rescue in Commercial Court proceedings.

Developers Treasury 'past the point of rescue'
Wed, 22 Feb, 2012 - 17:05

Treasury Holdings has been described by NAMA as significantly insolvent and past the point of rescue in Commercial Court proceedings.

The agency said the group of companies has debts of €2.7bn and is reliant on financial support from NAMA.

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