Owner of top Cork pubs launches bid to stop IBRC selling loans to Nama

A consortium that owns some of Cork’s best-known pubs has initiated proceedings aimed at preventing Irish Bank Resolution Corporation selling its loans to Nama.

Benny McCabe said his companies are the largest pub group outside Dublin and their bars are among the best performing and prestigious licensed premises in Cork City, employing over 255 people with a turnover of €12m annually.

The bars are Bodega at St Peter’s Market, Cornmarket St; Sin É, Coburg St; The Oval, South Main St; Crane Lane, Phoenix St; The Mutton Lane, Mutton Lane; and Arthur Mayne’s, Pembroke St.